According to CoinMeta, the Illinois Department of Revenue has released detailed regulations for a 0.2% tax on digital asset transactions. Stablecoins are considered taxable digital assets, while non-fungible tokens are not within the scope of taxation. DEFI Transactions are usually exempt from this tax, but fees paid by users for platform operations or maintenance may trigger taxation. Network fees and exchange fees paid only to liquidity providers are not subject to this tax. Cross-chain bridging activities that involve brokers of digital assets and payment of consideration are considered taxable exchange activities. Centralized exchanges may also be taxed if they charge fees when transferring funds to self-managed wallets. This tax law was approved in June and is scheduled to take effect on January 1, 2027. The deadline for comments on the draft regulations is October 30.