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Illinois, USA Bitcoin Reserves and Cryptocurrency Policies
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Illinois, USA Bitcoin Reserves and Cryptocurrency Policies

Illinois proposes a Strategic Bitcoin Reserve via HB 1844, accepting Bitcoin donations with a five-year hold, balancing innovation with strict VASP regulation as of May 2025.

Bitcoin Reserves

~100–500 BTC via donations
Valued at ~$10M–$50M (May 2025)

Regulatory Stance

Neutral
Regulated VASPs; high taxes

Government Activity

HB 1844 proposes BTC reserve
Chicago drives crypto adoption

Illinois Cryptocurrency Profile

State BTC Reserves % of Global Holdings Legal Status Last Updated Key Policies
Illinois, USA ~100–500 BTC Estimated ~0.001% Neutral 2025-05-21
  • HB 1844 proposes Strategic Bitcoin Reserve Fund with five-year hold; accepts Bitcoin donations (introduced 2025, pending)
  • Crypto teller machines require state registration by July 1, 2027, under money transmission laws
  • 4.95% state income tax applies; federal capital gains tax (15–20%) on crypto profits
  • Crypto not legal tender; regulated under federal securities and state money transmission laws
  • ~1.4M residents (~11% of population) use crypto; $10B in transactions (2023–2024)
  • Chicago hosts crypto exchanges and events, boosting adoption
  • No state-backed blockchain task force, unlike other states
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