The #DigitalAssetBill is gaining global momentum. In the U.S., the Financial Innovation and Technology for the 21st Century Act (FIT21) passed the House, aiming to clarify digital asset regulations by delineating responsibilities between the SEC and CFTC, despite opposition from the SEC Chair and President Biden. In the UK, new legislation seeks to classify digital assets like Bitcoin and NFTs as personal property, enhancing legal protections for owners. Pakistan’s Virtual Assets Bill 2025 proposes a regulatory framework for cryptocurrencies, including the creation of a Digital Rupee and Virtual Asset Zones to foster innovation. Meanwhile, Nepal is moving towards legalizing digital currencies through amendments to the Bank and Financial Institutions Act, paving the way for a central bank-issued digital currency.
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