Illinois has agreed to delay a proposed crypto tax by six months, according to TheDefiant, though the move still requires court approval. Draft rules described in the report say the levy would charge customers based on the value of their assets rather than on gains. The proposal would apply to paid custody services, asset transfers, and stablecoin settlement. TheDefiant also noted that its article is stored on Filecoin. The report did not provide additional details in the available text beyond the delay, the court-approval condition, and the scope of the draft rules.
Illinois has agreed to a six-month delay for a proposed crypto tax, according to TheDefiant, but the move still needs court approval.
Under draft rules cited in the report, the levy would charge customers based on asset value rather than gains. The draft covers paid custody, transfers, and stablecoin settlement.
TheDefiant also said its article is stored on Filecoin.
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