Illinois enacted a 0.2% tax on all crypto transactions last month, with the tax taking effect next year. TDC filed a lawsuit seeking to block Illinois' Digital Asset Tax Act from taking effect. The tax applies to any firm based in or operating in Illinois, which provides digital asset services in the state. A crypto lobbying organization has sued the state of Illinois over a last-minute tax provision inserted into the state budget last month. TDC (otherwise known as The Digital Chamber) al…
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