The recently proposed marks a significant milestone in the evolution of digital finance, and Binance welcomes this step toward regulatory clarity. At Binance, we believe that a clear and consistent legal framework is essential for the growth of the blockchain ecosystem, investor protection, and overall market integrity. This bill aims to define digital assets, outline licensing requirements for virtual asset service providers (VASPs), and establish robust measures to prevent illicit activities—all crucial for a healthy crypto environment.
As a global exchange operating in various jurisdictions, Binance supports efforts that bring greater transparency and compliance to the crypto industry. The Digital Asset Bill, if implemented effectively, could boost institutional adoption, drive innovation, and promote trust among retail users. We are committed to working collaboratively with regulators and stakeholders to ensure that the bill aligns with the principles of decentralization, user empowerment, and technological advancement.