$BTC transfers above certain thresholds.
* Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT): Applying existing AML and CFT regulations to digital asset service providers.
* The US's Digital Asset Anti-Money Laundering Act of 2023 aims to make digital asset providers and facilitators financial institutions under the Bank Secrecy Act, requiring them to keep records, file disclosures, and report suspicious activities.
* Investor Protection: Implementing measures to protect consumers and investors in the digital asset space, addressing issues like fraud and market manipulation.
* The US's Digital Asset Market Structure and Investor Protection Act generally addresses the regulatory treatment of digital assets and digital asset securities, granting authority to the CFTC over digital assets and the SEC over digital asset securities, aiming to provide investor protection.
* Data Protection and Privacy: Considering the implications of digital assets for personal data protection.
* While not specifically a "digital assets bill," India's Digital Personal Data Protection Act, 2023 governs the processing of digital personal data, which could encompass data related to digital asset holdings and transactions.
* Market Infrastructure: Establishing rules for digital asset exchanges, custody providers, and other intermediaries.
* Australia's Digital Assets (Market Regulation) Bill 2023 proposes a framework for digital asset exchanges, custody services, and the issuance of stablecoins.
Recent Developments:
* United Kingdom: The Property (Digital Assets etc.) Bill was introduced to the UK Parliament in September 2024 and is progressing through the legislative process. It aims to provide greater market clarity and certainty regarding the legal status of digital assets.
* India: The Finance Bill 2025 includes provisions to strengthen the tracking of digital assets under the Income Tax Act. This allows tax officials to access encrypted communications, cloud storage, and digital asset exchanges in cases of suspected tax
