Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
New phase of regulation of digital assets
In recent weeks, the crypto community 🔐 has been actively discussing the Digital Asset Bill — a piece of legislation that could fundamentally change the rules of the game in the digital assets market 📈. Its adoption has already sparked a wave of reactions from both crypto traders and major institutional players 🏦.
🧩 What is the Digital Asset Bill?
This is a draft law aimed at:
🧾 Definition of the legal status of digital assets (including cryptocurrencies, tokens, stablecoins);
📊 Establishing standards for exchanges and wallet providers;
👮♂️ Strengthening measures to combat money laundering (AML) and the financing of terrorism (CFT);
🛡 Protection of investors' and consumers' rights.
⚖️ Key Provisions
Platform registration 📍All trading venues, custodial services, and wallets will need to obtain a license in accordance with the new regulations.
KYC for everyone 🕵️Users are required to undergo identity verification. Anonymous transactions outside the legal framework will be prohibited.
Taxation 💸 A clear classification of digital assets will aid taxation — now each token will belong to a specific category such as goods, securities, etc.
Decentralization under the spotlight 🎯 The bill also affects DeFi platforms, raising concerns among proponents of complete decentralization.
🌐 Market Reaction
📉 Some investors perceived the law as pressure on the industry and began to withdraw funds to offshore accounts.
🏛 Others, on the contrary, believe that clear regulation will bring an influx of institutional money.
🧠 Experts emphasize: regulation is inevitable, and its "smart design" can become a catalyst for growth.
🔮 What's next?
✅ The adoption of the DigitalAssetBill may:
Accelerate the institutionalization of the crypto market 🏢
Make the industry more transparent and secure 🔐
At the same time, restrict the freedom of projects and users ❗ ( ) #BTC