Illinois crypto tax is impossible to enforce as written, crypto industry tells court
Summary
The digital asset sector has intervened in a legal dispute regarding a proposed transaction levy in Illinois. Industry representatives have informed the court that the current tax framework is entirely unfeasible to implement as drafted.
The legal battle to head off the crypto transaction tax in Illinois has drawn up a hefty roster of industry opposition, and they're saying the tax won't work.
Source: Read the full story at CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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