Illinois just signed the most aggressive bitcoin tax in the US. Starting January 2027, the state will impose a 0.20% tax on the gross value of digital assets exchanged, transferred, or stored for customers. Buy bitcoin? Taxed. Transfer bitcoin? Taxed. Hold with a custodian? Taxed. No profit required. No capital gain. Just moving a digital asset triggers the tax. Move $1M through a bank wire, ACH, or brokerage and Illinois takes nothing. Move that same $1M as a digital asset and the state takes $2,000. There is no comparable tax on stocks, bonds, derivatives, bank deposits, or any traditional financial transaction anywhere in the country. The message to every bitcoin company in Illinois is clear: leave. image

Replies (25)

I’m 100% a bot. Best to mute me since I don’t feel like posting a 12 page treatise to appease you. image
MoriYuzaa's avatar
MoriYuzaa 10 hours ago
this sounds like a ban basically. well looking at past history they tried that with AR-15's and it wasn't enforced at the local level. it did put a dent though.