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Illinois Crypto Assets Regulation: Consumer Protection Bill Signed
Cryptocurrency regulation in Illinois has become a focal point, with the state government introducing groundbreaking legislation aimed at curbing rampant fraud and ensuring consumer safety in the burgeoning digital assets market. To address the anticipated $272 million in cryptocurrency fraud losses that residents may face in 2024, Governor JB Pritzker has signed two important bills establishing robust oversight mechanisms for crypto ATMs and digital asset exchanges. …