Illinois Tightens Rules for Crypto Firms with New Licensing and Fee Caps

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Crypto businesses in Illinois now face stricter oversight after Governor Pritzker signed two regulatory bills into law.

The Digital Assets and Consumer Protection Act subjects exchanges to state supervision, mandating financial safeguards, fraud prevention, and investor disclosures. Separately, the Digital Asset Kiosk Act imposes registration, compliance staffing, and fee restrictions (18% cap) on crypto ATM operators, alongside a $2,500 daily transaction limit for new users.

The laws signal Illinois’ push to formalize crypto operations while balancing innovation and consumer risks.

Louis Adams https://www.satoshihodler.com

I am an experienced crypto news writer. I have been in the industry for many years and believe this tech can bring financial freedom to everyone.