$BTC $ETH $SOL 【Illinois, USA, plans to impose a 0.2% tax on cryptocurrency transactions】

The Illinois State Legislature has passed the fiscal year 2027 budget bill, which includes a provision to impose a 0.2% tax on cryptocurrency transactions, collected by digital asset brokers. This measure, called the "Privilege Tax," is part of the amendment to the Digital Asset Privilege Tax Act, which includes registration requirements for any digital asset broker operating in Illinois. Starting January 1, brokers who fail to comply with the regulations may be classified as a third-degree felony in the state, facing two to five years in prison and fines of up to $25k. The budget bill was approved by the state legislature on Monday but still requires signature from Governor JB Pritzker to become law. Pritzker has publicly stated multiple times his intention to sign the bill as soon as possible, but as of Friday morning, he had not yet signed it. Lawmakers expect the cryptocurrency tax to generate $60 million in revenue for the state.