The Digital Asset Bill is a proposed legislation aimed at regulating cryptocurrencies and other digital assets in India. It seeks to define digital assets, establish guidelines for their trading, usage, and taxation, and ensure consumer protection. The bill may restrict certain private cryptocurrencies while promoting the development of an official Central Bank Digital Currency (CBDC). Its objectives include maintaining financial stability, preventing illicit activities such as money laundering, and creating a legal framework for digital transactions. The bill reflects the government's intent to balance innovation with regulation in the rapidly evolving digital economy.
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