#DigitalAssetBill What is it and why should you pay attention?
The crypto world is changing with the arrival of the Digital Asset Bill, a new legislation aimed at regulating digital assets and providing them with a more robust legal framework. Here are its main features:
1. Mandatory licenses for stablecoin issuers.
2. Direct oversight by financial authorities for exchange platforms.
3. Transparency standards and mandatory audits on the reserves backing stablecoins.
4. Prohibition of issuing stablecoins without verifiable fiat backing.
5. Consumer protection: clear rules on custody and management of digital assets.
Why does it matter?
Because this could define the future of stablecoins like USDT or USDC. The law could boost their legitimacy and mass adoption, but it could also exclude from the market projects that do not meet the new requirements.
Are we witnessing the evolution of finance or the beginning of restrictive regulation?
Leave us your opinion in the comments.