#DigitalAssetBill

The Digital Asset Bill aims to establish a clear regulatory framework for the use, trading, and taxation of digital assets such as cryptocurrencies and NFTs. It defines digital assets as intangible property and places them under the jurisdiction of financial regulators. The bill includes provisions for licensing exchanges, implementing anti-money laundering (AML) standards, and ensuring investor protection. It also sets out guidelines for initial coin offerings (ICOs) and the classification of digital tokens. By creating legal clarity, the bill seeks to foster innovation, encourage investment, and protect consumers in the rapidly evolving digital economy while combating illicit activities.