πŸ‡ΊπŸ‡Έ Illinois

Illinois (Chicago) is a major financial center. Standard money transmitter licensing applies. Illinois Blockchain Technology Act provides legal recognition for smart contracts.

Overview

StatusLegal
Risk Score30/100 (Moderate Risk)
Regionnorth america
CurrencyUSD

Tax

Capital Gains (Personal)Federal + 4.95% state
Capital Gains (Corporate)Federal + 9.5% state
VAT on CryptoNo
Staking TaxNo specific guidance
Airdrop TaxNo specific guidance

No crypto-specific tax guidance available.

Licensing

RequiredYes
RegulatorIL DFPR
FrameworkTransmitters of Money Act + Blockchain Technology Act
EaseN/A
CostN/A

DeFi

Status: Unclear

No specific DeFi regulation

Stablecoins

Status: no_rules

No specific stablecoin framework

NFTs

Status: no_rules

No specific NFT regulation

Mining

LegalYes
Electricity$0.1/kWh
Renewable20%
Infrastructureexcellent

Illinois benefits from robust data center infrastructure and temperate climate aiding cooling. Electricity costs are moderate for the US.

Geopolitics

Stabilitystable
SanctionsNo
Corruption Index67/100
Banking Accessopen

Last reviewed: 2026-04-13 · Data source: Soken Crypto Legal Map

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