TITLE 38: FINANCIAL INSTITUTIONS
CHAPTER I: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION
PART 205 TRANSMITTERS OF MONEY ACT
SECTION 205.60 PERMISSIBLE INVESTMENTS


 

Section 205.60  Permissible Investments

 

Digital currency shall not constitute a permissible investment for purposes of Section 50(a) of the Act.  For the purposes of this Section, “digital currency” means a digital representation of value that: 

 

a)         is used as a medium of exchange, unit of account, or store of value; and

 

b)         is not “money” as the term is defined in Section 5 of the Act, whether or not denominated in money.

 

(Source:  Added at 47 Ill. Reg. 795, effective January 5, 2023)