$BTC Here’s a 150-word response in bullet points about #DigitalAssetBill:

The Digital Asset Bill refers to a proposed legislative framework regulating digital assets such as cryptocurrencies, NFTs, and tokenized securities.

It aims to classify digital assets into clear categories: utility tokens, security tokens, and payment tokens for tailored regulation.

The bill often proposes the creation or empowerment of regulatory bodies (like SEBI or RBI in India) for overseeing crypto-related activities.

It may mandate KYC/AML compliance, tax disclosures, and custodial norms to enhance transparency and investor protection.

The bill could include a centralized registry of digital asset service providers (exchanges, wallets, etc.).

Critics worry about overregulation stifling innovation, while supporters see it as a path to legitimacy.