#DigitalAssetBill Digital Asset Bill (#DigitalAssetBill)** generally refers to legislative efforts aimed at regulating **digital assets** such as cryptocurrencies, non-fungible tokens (NFTs), and blockchain-based tokens. These laws typically cover the following areas:
* **Consumer protection**
* **Anti-Money Laundering (AML) compliance**
* **Licensing and regulation of trading platforms and service providers**
* **Tax implications of digital assets**
* **Definitions and classifications** (such as whether a token is considered a security, a commodity, or something else)
As of mid-2024, several countries such as **the United States, the United Kingdom, and the European Union** have proposed or enacted legislation to regulate digital assets.
For example, the United States has seen proposals like the **Responsible Financial Innovation Act (Lummis-Gillibrand)**, and the **MiCA (Markets in Crypto-Assets)** regulation has come into effect in the European Union.