Illinois draft crypto tax rules detail DeFi, stablecoin treatment
- —Tax rate on digital asset transactions set at 0.2%
- —Rules cover stablecoins, DeFi, crypto bridges and self-custody
- —The document is a draft and may still change
Why it matters: Illinois could become the first US state with a dedicated crypto transaction tax, setting a precedent for the industry.
Source: Cointelegraph
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