Illinois passes two crypto regulatory bills covering exchanges and crypto ATMs

According to Odaily Planet Daily, Illinois Governor JB Pritzker has signed the Digital Asset and Consumer Protection Act (SB 1797) and the Digital Asset Self-Service Terminal Act (SB 2319). The former authorizes the state Department of Financial and Professional Regulation to regulate digital asset exchanges and related businesses, requiring them to maintain adequate financial resources and implement cybersecurity measures. The latter targets cryptocurrency ATMs, requiring operators to register, provide full refunds to victims of fraud, cap transaction fees at 18%, and limit new users to a daily transaction limit of $2,500. (Cointelegraph)