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via Decrypt · By Decrypt Editorial

Illinois Set to Begin Taxing Bitcoin, Crypto Transactions as Critics Slam 'Most Punitive' Tax

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Decrypt Editorial

(05:22 PM UTC)

1 min read

Reviewed byEmily Watson

1132 views

0 comments

In brief

Governor JD Pritzker of Illinois signed a new digital asset tax bill into law, enacting a 0.2% tax on transactions starting in 2027.
The Crypto Council for Innovation called it it the "most punitive digital asset tax" in the country.
Estimates suggest the state could bring in around $60 million next year thanks to its implementation.

A new digital asset tax signed into law in…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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