The Digital Asset Bill is a term used to refer to bills or legal regulations related to digital assets such as cryptocurrencies, tokens, NFTs, and other assets based on blockchain technology.
Depending on the country, the Digital Asset Bill may include the following contents:
• Legal definition of digital assets: Are they goods, securities, assets, or means of payment?
• Regulatory authority: Which agency is responsible for supervision? For example, the Securities and Exchange Commission (SEC) or the Commodity Futures Trading Commission (CFTC) in the U.S.
• Consumer protection: Against fraud, scams, ensuring privacy rights.
• Tax policy: How to tax the purchase, sale, or holding of digital assets.
• Operational licensing: Requirements for exchanges, digital wallets, service providers.