Category: Illinois

As of 2024, Illinois has taken significant steps in regulating the cryptocurrency, blockchain, and decentralized finance (DeFi) sectors through proposed and advancing legislation. This reflects the state’s commitment to establishing a controlled environment for digital asset operations while also responding to the rapid growth and complexity of these technologies....

As the cryptocurrency landscape evolved rapidly across the United States, Illinois emerged as a noteworthy player in its approach to digital currency regulation before 2023. The state’s regulatory framework regarding cryptocurrencies and blockchain technology was marked by a combination of cautious oversight and an openness to innovation, reflecting a...