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Might 9, 2025
The Illinois Senate Govt Committee has superior Senate Bill 2319, which might deliver digital forex kiosk operators beneath the regulatory oversight of the Illinois Division of Monetary and Skilled Regulation, in accordance to a KWQC report.
The bill mandates that operators report to the division and pay charges.
“Presently, there aren’t any laws, no client protections, for crypto kiosks in Illinois,” State Senator Laura Ellman instructed the information outlet. “And this bill establishes these client protections, and it additionally offers business a predictable setting to not solely function, but in addition develop right here in Illinois.”
Whereas the precise variety of cryptocurrency kiosks statewide is unknown, there are at the least seven Bitcoin ATMs within the Quad Cities area.
