#DigitalAssetBill Various countries have recently introduced legislation to define and regulate digital assets, with the aim of providing legal clarity and protecting investors. Here are some notable examples:

🇬🇧 United Kingdom: Property Bill (Digital Assets, etc.)

Introduced in the House of Lords on September 11, 2024, this bill seeks to recognize digital assets—such as cryptocurrencies, NFTs, and carbon credits—as personal property under English law. The legislation aims to eliminate legal uncertainties, allowing owners to assert property rights over digital assets, which is crucial for addressing issues such as theft, fraud, and disputes in legal proceedings.

🇺🇸 United States: Digital Asset Market Structure and Investor Protection Act (H.R. 5745)

Introduced in the House of Representatives on September 27, 2023, this law proposes a comprehensive regulatory framework for digital assets and digital asset securities. It grants the Securities and Exchange Commission (SEC) authority over digital asset securities and subjects digital assets to anti-money laundering regulations under the Bank Secrecy Act. Additionally, the bill allows the Federal Reserve to issue digital currency, although such digital assets would not be considered legal tender.

🇧🇸 The Bahamas: Digital Assets and Registered Exchanges Act (DARE) 2024

Enacted in July 2024, the DARE 2024 Act builds on the 2020 legislation to enhance the regulatory framework for digital assets in The Bahamas. It introduces stricter compliance requirements for digital asset issuers, mandates the registration and approval of fiat-backed stablecoins, and provides clearer classifications for non-fungible tokens (NFTs). These measures aim to consolidate The Bahamas' position as a well-regulated and competitive environment for digital asset businesses.