The term #DigitalAssetBill encompasses a variety of legislative efforts aimed at regulating digital assets worldwide, including cryptocurrencies and blockchain technology. Here is a summary of notable initiatives:

🇺🇸 United States

1. Digital Asset Anti-Money Laundering Act of 2023 (S.2669)

Introduced by Senators Elizabeth Warren and Roger Marshall, this bill seeks to extend anti-money laundering (AML) obligations to digital asset entities. Key provisions include:

  • FinCEN Rulemaking: Mandates the Financial Crimes Enforcement Network (FinCEN) to issue guidelines on digital assets.

  • Digital Asset Kiosk Regulation: Requires digital asset kiosk owners to verify customer identities and report physical location every 90 days.

  • Unhosted Wallets: Requires banks and financial services businesses to verify customer identities and report transactions involving unhosted wallets exceeding $10,000.

2. Financial Innovation and Technology Act for the 21st Century (FIT21)

Passed by Congress in May 2024, FIT21 aims to clarify regulatory responsibilities between the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC). Highlights include:

  • CFTC Oversight: Provides CFTC authority over products considered digital assets, particularly those operating on decentralized blockchains.

  • SEC Oversight: Provides SEC authority over digital assets classified as securities, particularly those that offer centralized control or equity-like features.

  • Joint Rulemaking: Directs both agencies to collaborate to define terms and prevent regulatory overlap.

🇬🇧 United Kingdom

In April 2025, the UK government introduced draft legislation to regulate cryptocurrency exchanges and service providers. Key aspects include:

  • Regulatory inclusion: Brings crypto exchanges, dealers and agents under a regulatory framework to tackle misconduct and support innovation.

  • Compliance standards: Mandates organisations to comply with standards of transparency, consumer protection and operational resilience.

  • Legislative timeline: Aims to finalise legislation by the end of 2025.

🇧🇸 Bahamas

The Bahamas has enacted the Digital Assets and Registered Exchanges (DARE) Act 2024, building on its 2020 framework. Notable provisions:

  • Expanded scope: Covers 17 classes of digital activities, including custody, staking services and advisory roles.

  • Consumer Protection: Imposes strict requirements on exchanges for real-time transaction reporting and operational controls.

  • Staking Services: Establishes guidelines for entities providing staking, including disclosure of protocols, risk and reward mechanisms.

🇦🇺 Australia

The Australian Securities and Investments Commission (ASIC) has proposed regulations that cryptocurrency companies will need to obtain an Australian Financial Services License (AFSL). Key points:

  • Licensing requirements: Crypto firms will need to apply for an AFSL in line with traditional financial services providers.

  • Industry response: While some companies support the structural regulation move, there are concerns about the potential additional information and its impact on innovation.$BTC

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