Illinois Officials Push For The State’s Crypto Licensing Program To Emulate New York’s BitLicense

According to David DeCarlo, the state of Illinois’ first regulatory innovation officer and one of the leading proponents of the proposal in the state senate, Illinois is attempting to emulate New York’s crypto firm with a new supervisory framework. The Illinois measure would create trust corporations that could manage custody of digital assets and would impose licensing requirements on crypto businesses similar to those in New York’s BitLicense link

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