#DigitalAssetBill The Digital Asset Bill refers to proposed legislation aimed at regulating and clarifying the legal status of digital assets, such as cryptocurrencies and non-fungible tokens (NFTs). There are two notable bills:
- *UK's Property (Digital Assets etc) Bill*:
- Introduced in Parliament on September 11, 2024
- Aims to recognize digital assets as personal property under English and Welsh law
- Provides legal protection to owners and companies against fraud and scams
- Establishes a third category of personal property for digital assets
- *Pakistan's Virtual Assets Bill 2025*:
- Introduced by Senator Dr. Afnan Ullah Khan in January 2025
- Seeks to establish a regulatory framework for digital assets in Pakistan
- Proposes the creation of Virtual Asset Zones for trading and managing cryptocurrencies
- Aims to ensure financial stability, protect investors, and prevent illicit activities
These bills demonstrate efforts to bring clarity and regulation to the digital asset market, promoting growth, innovation, and investor protection.