A Digital Asset Bill is a proposed law aimed at governing the creation, usage, and trading of digital assets like cryptocurrencies, tokens, and NFTs. It generally provides clear definitions, sets compliance standards, and establishes legal frameworks for areas such as taxation, consumer protection, and anti-money laundering. The bill often designates specific regulatory bodies to oversee and license digital asset activities. Its primary objective is to encourage innovation while maintaining financial stability, transparency, and security. By balancing technological progress with essential legal protections, the bill seeks to safeguard users, investors, and the broader economy.

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