Articles Tagged with Illinois DACPA

June 24, 2026

You Need to Register Your Crypto Business in Illinois. Here Is What the New Law Requires

Most businesses operating in the digital asset space think of compliance as a federal question.

Is the SEC involved? Does the CFTC have jurisdiction? What does FinCEN require?

Those are legitimate questions. But since August 18, 2025, there is a state-level compliance framework that applies to your business if you serve Illinois residents, regardless of where you are headquartered, regardless of whether any federal regulator has touched your business, and regardless of whether you think of yourself as an Illinois company.

June 17, 2026

Illinois Just Became the First State to Tax Crypto Transactions. Here Is What Every Business Needs to Know.

by George Bellas

This happened yesterday.

On June 16, 2026, Governor J.B. Pritzker signed Illinois’ $56 billion state budget into law. Buried inside it was something the crypto industry never saw coming: the Digital Asset Tax Act. Illinois is now the first state in the country to impose a direct tax on cryptocurrency transactions, and the industry is furious.

If your business touches digital assets in any way, including accepting Bitcoin as payment, holding crypto in a company account, using a crypto payment processor, or operating any platform that exchanges or stores digital assets for customers, you need to understand what this law does and what it means for you starting January 1, 2027.

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