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#blockchain-business News & Analysis

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CryptoBearishCrypto Briefing · 4h ago7/10
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Illinois becomes first US state to tax digital asset transactions with new 0.2% levy

Illinois has become the first US state to implement a 0.2% tax on digital asset transactions, a landmark regulatory move that could influence crypto policy nationwide. Industry observers warn the levy may incentivize cryptocurrency businesses to relocate, potentially undermining Illinois' competitiveness in the growing digital asset sector.

Illinois becomes first US state to tax digital asset transactions with new 0.2% levy