Illinois Enacts Controversial 0.2% Tax on Digital Assets
The recent passage of the Digital Asset Tax Act in Illinois has drawn criticism from the crypto industry, which labels it as one of the most restrictive laws in the nation.
Editorial Staff
1 min read
Updated 3 days ago
On Tuesday, Illinois Governor J.B. Pritzker signed into law the Digital Asset Tax Act, imposing a 0.2% tax on cryptocurrency transactions.
This legislation has sparked significant backlash from crypto industry lobbyists and representatives, who argue that it could hinder the growth of the digital asset sector in the state.
Critics have described the law as one of the most anti-crypto measures in the United States, raising concerns about its potential impact on innovation and investment in the industry.