Decentralized finance transactions avoid Illinois' 0.2% digital asset transaction tax unless users pay protocol fees or other qualifying valuable consideration collected by a platform for operating or maintaining the service

Financial services rebuilt as onchain protocols, offering lending, trading, derivatives and yield without traditional intermediaries.

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.

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.