Illinois Drafts Rules To Tax Crypto Transactions Starting 2027

The post Illinois Drafts Rules To Tax Crypto Transactions Starting 2027 appeared first on Coinpedia Fintech News

The State of Illinois released draft rules that would tax crypto transactions regardless of profit or loss starting in 2027. The Digital Chamber, Blockchain Association, and other crypto industry groups are suing over the proposal, calling it draconian for singling out crypto and taxing every transaction. Commentary tied to the report said political backing from …