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Illinois Officials Pushing State Crypto Licensing to Emulate New York’s BitLicense

“It’s happening too often where there’s some scam or collapse that’s hurting consumers directly in their pocketbooks,” DeCarlo said in a CryptoX interview. The state needs “safeguards in place soon so we can get in front of those,” he said, plus a way to give the latest financial innovations some stable footing in Illinois.

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