Blockchain Association, Crypto Council file motion to block Illinois law
The Blockchain Association and Crypto Council for Innovation filed a lawsuit seeking to bar the State of Illinois from enforcing the Digital Asset Tax Act before it takes effect on Jan. 1, 2027. The Digital Asset Tax Act would levy a 0.2 percent tax on the value of a digital asset that is either exchanged, stored or transferred by customers in the state. The tax would be borne by customers and collected by digital asset brokers in Illinois. The Blockchain Association and Crypto Council f...
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