Illinois has released draft rules explaining how its 0.2% cryptocurrency transaction tax would apply starting in 2027. Based on the current language, the tax could cover transactions involving stablecoins, decentralized finance operations, cross-chain bridges, and wallet transfers that are fee-based. The update was reported by Techub News, which cited Crypto.news. The draft does not introduce figures beyond the 0.2% rate and the 2027 start date in the source provided, but it does give a clearer outline of the types of crypto activity that may fall within the tax’s scope. That includes activity tied to stablecoin use and DeFi, two areas often treated differently across jurisdictions, as well as bridge-related transfers between chains. Wallet transfers involving fees were also mentioned in the summary of the draft rules.
Illinois has published draft rules explaining how its 0.2% cryptocurrency transaction tax would apply starting in 2027.
Under the draft, the tax could apply to transactions involving stablecoins, decentralized finance (DeFi) operations, cross-chain bridges, and wallet transfers that are based on fees.
Techub News reported the update, citing Crypto.news.
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