Illinois has released draft regulations for a proposed 0.2% cryptocurrency transaction tax beginning in 2027, applying to trades and transfers regardless of whether they produce a profit or loss. The framework, linked to the Digital Asset Privilege Tax Act, would depart from conventional capital-gains taxation, which generally applies to profitable asset disposals. Public feedback remains open through Oct. 30. The proposal follows an earlier draft in which the tax rate and scope of taxable virtual assets had not been finalized, while the cryptocurrency industry has filed a lawsuit seeking to block implementation.