#DigitalAssetBill **Digital Asset Bill: Key Facts**

A **Digital Asset Bill** is legislation governing cryptocurrencies, stablecoins, and CBDCs. Key goals include:

1. **Investor Protection** – Shielding users from fraud and scams.

2. **Market Rules** – Curbing manipulation and illicit activities like money laundering.

3. **Tax & Compliance** – Defining crypto taxation and stablecoin oversight.

### **Global Regulations**

- **US**: FIT21 (2024) clarifies SEC/CFTC roles, while Lummis-Gillibrand (2023) treats crypto as commodities/securities.

- **EU**: MiCA (2023) mandates licensing, stablecoin reserves, and transparency.

- **UK**: Recognizes crypto as regulated assets under FCA supervision.

- **Singapore**: Requires MAS licensing with strict AML rules.

- **India**: May ban private crypto but allow a CBDC.

### **Challenges**

- **Classification**: Is crypto a security or commodity?

- **Jurisdiction**: Should the SEC, CFTC, or new agencies regulate it?

- **Innovation vs. Control**: Overregulation risks driving projects offshore.

### **Market Impact**

Clear rules could attract institutions, but heavy restrictions may stifle growth.

*(Regulations change fast—verify updates before acting.)*

**Need specifics on a country? Ask below!** 🚀