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- 🚗 #GateSquareCommunityChallenge# Round 1 — Who Will Be The First To The Moon?
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Illinois strengthens regulation of the crypto market by signing two laws to protect consumers.
According to Ha Shi Chain news, the Governor of Illinois has signed the "Digital Assets and Consumer Protection Act" and the "Digital Asset Self-Service Terminal Act", requiring crypto exchanges to accept state regulation and implement anti-fraud and cybersecurity measures. In addition, registration for ATM operators, deception refund policies, an 18% fee cap, and a $2,500 daily limit for new users have also been established. The Governor criticized the Trump administration for loosening federal crypto regulations. In 2024, losses from crypto scams in Illinois reached $272 million.
#Blockchain # Cryptocurrency #CryptoRegulation # ConsumerProtection #Illinois