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Illinois passes laws to protect cryptocurrency usersIllinois Governor J.B. Pritzker has signed two new laws aimed at protecting consumers from fraudulent activities in the cryptocurrency market. Illinois becomes the first state in the Midwest to have comprehensive protective measures.
New legislation
The Consumer Protection and Digital Asset Act (#SB1797 ): This act empowers the Department of Finance and the Illinois Professional Regulation to oversee cryptocurrency exchanges and wallets. Companies must implement security and anti-fraud measures, along with basic customer service standards.
Illinois passes laws to protect cryptocurrency users
Illinois Governor J.B. Pritzker has signed two new laws aimed at protecting consumers from fraudulent activities in the cryptocurrency market. Illinois becomes the first state in the Midwest to have comprehensive protective measures.
New legislation
The Consumer Protection and Digital Asset Act (#SB1797 ): This act empowers the Department of Finance and the Illinois Professional Regulation to oversee cryptocurrency exchanges and wallets. Companies must implement security and anti-fraud measures, along with basic customer service standards.
New legislation
The Consumer Protection and Digital Asset Act (#SB1797 ): This act empowers the Department of Finance and the Illinois Professional Regulation to oversee cryptocurrency exchanges and wallets. Companies must implement security and anti-fraud measures, along with basic customer service standards.
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