#DigitalAssetBill 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.