According to Cointelegraph, Illinois officials have agreed to postpone the implementation of a 0.2% cryptocurrency transaction tax for six months. The decision follows lawsuits and industry pushback asserting that the legislation was advanced quickly through the state legislative process.
The tax, targeting crypto transactions within the state, was scheduled to take effect but has now been delayed pending resolution of the legal challenges. No details were provided regarding the timeline for final implementation or the status of the lawsuits.
