Illinois Signs Two Crypto Regulatory Bills to Strengthen Consumer Protection

PANews reported on August 19th that, according to Cointelegraph , the governor of Illinois signed the Digital Asset and Consumer Protection Act and the Digital Asset Self-Service Terminal Act, requiring crypto exchanges to be subject to state regulation and implement anti-fraud and cybersecurity measures. The bills also set requirements for ATM operators, including registration, fraud refunds, an 18% fee cap, and a $ 2,500 daily limit for new users. The governor criticized the Trump administration for relaxing federal crypto regulation. Crypto fraud losses in Illinois reached $ 272 million in 2024 .

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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