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Digital Asset Bill (#DigitalAssetBill): A step towards a secure and transparent regulatory future.

Definition:

The Digital Asset Bill is a legislative framework aimed at regulating and defining how to deal with digital assets such as cryptocurrencies, non-fungible tokens (NFTs), and smart contracts.

_Main objectives of the #DigitalAssetBill:

1- Legal definition of digital assets.

Establish clear definitions for digital assets to facilitate legal dealings.

2- Regulation of platforms and practices.

Impose rules on exchanges, wallets, and digital asset service providers.

3- Protection of investors and users.

Through requiring transparency, disclosure, and anti-fraud measures.

4- Support for financial innovation.

Encourage the use of financial technology within clear legal frameworks.

5- Compliance with Anti-Money Laundering (AML) and Counter-Terrorism Financing (CFT) standards.

By imposing Know Your Customer (KYC) requirements on all stakeholders.

Impact on the market:

-Increase in legal clarity and trust for investors.

- Attract institutional capital to the digital asset market.

- Enhance integration between traditional and digital financial systems.