#DigitalAssetBill

The Digital Asset Bill aims to regulate the use, trading, and taxation of digital assets such as cryptocurrencies, NFTs, and tokens. It provides a legal framework for recognizing digital assets, ensuring investor protection, and curbing illicit activities. The bill mandates registration of exchanges, Know Your Customer (KYC) compliance, and reporting standards for transactions. By defining digital assets and their classifications, it seeks to bring clarity to a rapidly evolving sector. Supporters argue it fosters innovation and legitimacy, while critics fear overregulation could hinder growth. Overall, the bill marks a significant step toward mainstream adoption of digital finance in a regulated environment.