"Digital Asset and Blockchain Technology Act."

This bill requires businesses offering digital asset services (like virtual currency exchanges) to obtain a license from New Jersey's Bureau of Securities. It applies to any business operating within New Jersey or targeting New Jersey residents, excluding traditional securities (which remain regulated under existing laws). The law defines key terms like "digital asset" (excluding securities) and "licensee," mandating that businesses must be licensed to operate. The Bureau of Securities will administer the licensing process, including overseeing "responsible individuals" managing these businesses.