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PANews
PANews|Aug 19, 2025 03:21
Illinois signs two crypto regulatory bills to strengthen consumer protection According to Cointelegraph, the Governor of Illinois has signed the Digital Asset and Consumer Protection Act and the Digital Asset Self Service Terminal Act, requiring cryptocurrency exchanges to accept state regulation, implement anti fraud and cybersecurity measures, and set registration, fraud refunds, an 18% fee cap, and a daily limit of $2500 for new users for ATM operators. The governor criticized the Trump administration for relaxing federal encryption regulations. In 2024, the losses from cryptocurrency fraud in Illinois reached $272 million.
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