#DigitalAssetBill

#What is a Digital Asset Bill?**

A Digital Asset Bill is a legislative proposal or enacted law that establishes rules for the issuance, trading, custody, and taxation of digital assets. These bills vary by jurisdiction but generally address:

1. **Definitions**: Clarifying what qualifies as a digital asset (e.g., cryptocurrency vs. security token).

2. **Consumer Protection**: Safeguarding users from fraud, scams, and market manipulation.

3. **Anti-Money Laundering (AML)**: Requiring crypto businesses to comply with KYC (Know Your Customer) and AML regulations.

4. **Taxation**: Defining how digital assets are taxed (e.g., capital gains, income, or property).

5. **Stablecoin Regulation**: Overseeing issuers of stablecoins (e.g., reserves, audits, disclosures).

6. **Custody Rules**: Standards for safeguarding customer funds held by exchanges or custodians