Illinois Cracks Down on Crypto with New Laws Protecting Users
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Illinois has rolled out new laws to safeguard crypto investors and curb fraud, with Governor JB Pritzker approving two key bills on Monday.
The Digital Assets and Consumer Protection Act forces exchanges to uphold strict financial, cybersecurity, and transparency standards—matching those in traditional banking.
Meanwhile, the Digital Asset Kiosk Act targets crypto ATMs, requiring operators to register, provide live support, and limit fees (18% max) and daily withdrawals ($2,500 for new customers).
The laws aim to reduce scams and ensure accountability in Illinois’ growing crypto market.
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