Bankless·
Illinois' new 0.2% digital asset tax takes effect January 2027, assessed on transaction value rather than gains, with self-custody treatment still unresolved.
Read full articleThe integration of crypto in the World Cup 2026 could significantly boost digital asset adoption and reshape fan engagement globally. The post FIFA World Cup 2026 brings crypto to the pitch as Paraguay faces Türkiye in must-win clash appeared first on Crypto Briefing.
Critics say the measure effectively singles out digital assets for taxation based on technology rather than activity.
Illinois has approved a new 0.2% tax on crypto transactions that state officials estimate could generate up to $60 million annually, prompting public criticism from Strategy co-founder Michael Saylor and several industry groups. In a June 17 X post, Saylor…
Critics say the Illinois transaction-level tax could deal severe consequences to the crypto industry and consumers in the state.
Japan's lower house moved to reclassify crypto and cut tax from 55% to 20%. What it actually did, what it did not, and why the change matters beyond Japan.
Illinois has signed a budget package containing a new digital asset broker transaction tax, drawing sharp criticism from crypto industry groups.
Illinois Governor Pritzker signed a 0.2% digital asset tax targeting crypto exchanges, transfers, and custody, with no equivalent for stocks. Illinois Governor J.B. Pritzker has signed Article 3 of SB 3019, the Digital Asset Privilege Tax Act, into law. The legislation imposes a 0.2% tax on digital asset exchange, transfer, and custody activities. Illinois residents […] The post This Illinois Bitcoin Tax Law Could Cost Crypto Holders More appeared first on Live Bitcoin News.
Gov. JB Pritzker signs 0.2% digital asset tax into Illinois’ $55.9B budget, drawing industry warnings over users, brokers, and remote firms.
