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The U.S. state of Illinois plans to issue implementation rules for digital asset taxation, bringing stablecoins within the taxable scope.

Source: cointelegraph.com
According to Cointelegraph, the Illinois Department of Revenue has published draft rules that clarify the specific implementation scope of the enacted 0.2% digital asset transaction tax. The draft specifies that stablecoins will be classified as taxable digital assets, while non-fungible tokens (NFTs) will be exempt.

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