A decentralized exchange that collects protocol fees can qualify as a digital asset broker under the proposed Illinois tax rules.

How tax authorities treat digital assets, from capital gains on trades to income from staking, mining, and airdrops, along with reporting rules for exchanges and individuals.

Non-custodial trading protocols enabling peer-to-peer asset swaps on-chain.

How rules written for financial intermediaries apply to protocols that claim to have none, from KYC and AML obligations to front-end and developer liability.