Illinois Will Create Law Favorable For Bitcoin By Issuing Digital Asset Charter

Illinois will soon become the 3rd state in the U.S. to pass legislation that would favor Bitcoin with a new digital asset charter, which will be granted to a special purpose trust company instead of a traditional bank.

Announced by crypto-advocate and Wall Street Veteran Caitlin Long, Illinois will be the third state, followed by Nebraska and Wyoming, to embrace cryptocurrencies as part of their plans to explore emerging financial technologies.

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