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The Digital Asset Bill aims to establish a legal framework for the regulation, use, and management of digital assets, including cryptocurrencies, NFTs, and tokens. It defines digital assets as intangible items stored and transferred electronically using blockchain or similar technologies. The bill outlines guidelines for licensing exchanges, protecting investors, and preventing fraud or misuse. It also includes provisions for taxation, anti-money laundering (AML) compliance, and cybersecurity. Governments hope the bill will balance innovation with regulation, fostering a safe environment for digital asset development. Critics, however, argue that overly strict rules may hinder innovation and investment. As digital economies grow, the Digital Asset Bill is seen as a crucial step toward legal clarity and responsible digital finance.
