#DigitalAssetBill
A Digital Asset Bill is a legislative framework designed to regulate cryptocurrencies, stablecoins, NFTs, and other blockchain-based assets. It typically defines digital assets, outlines the roles of regulators (e.g., SEC, CFTC), and sets rules for exchanges, wallets, and token issuers. The bill often includes Anti-Money Laundering (AML) and Know Your Customer (KYC) requirements, licensing procedures, consumer protection measures, and taxation guidelines. Its aim is to provide legal clarity, protect investors, and promote innovation. Examples include the U.S. FIT21 Act and the EU's MiCA regulation. Such bills are essential for integrating crypto into mainstream financial systems while minimizing associated risks.
