Illinois passes law to tax crypto transfers starting 2027

Microsoft warns of CryptoBandits.A, a Tor-based Windows clipper stealing wallet data and hijacking crypto transfers. Microsoft has warned about a Windows-based crypto clipper designed to steal wallet data and alter crypto transfers. The malware has affected users since February 2026, according to Microsoft Threat Intelligence and Microsoft Defender Experts. The campaign uses malicious .lnk shortcuts […] The post Microsoft Warns of New Crypto Malware That Hijacks Wallet Transfers appeared first on Live Bitcoin News.

Illinois has enacted a 0.2% tax on digital asset transfers that will apply whether a trade ends in profit or loss, beginning Jan. 1, 2027. Industry groups have branded the measure the most punitive crypto tax in the U.S. and are already pushing for a repeal. A Tax on Movement, Not Profit Illinois has become […]

Illinois' digital asset tax may drive crypto businesses to relocate, impacting the state's tech ecosystem and innovation landscape. The post Illinois becomes first US state to tax digital asset transactions with new 0.2% levy appeared first on Crypto Briefing.

Illinois has enacted SB3019, introducing a 0.2% digital asset tax from 2027 and drawing criticism from crypto industry groups.

The CEO of Coinbase, Brian Armstrong, severely criticized the upcoming Illinois’ crypto tax law, noting that it could be detrimental to blockchain innovation and employment. Specifically, Armstrong noted that such legislation could force blockchain innovation away from Illinois, creating extra complications for those who develop products based on blockchain technology.

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.