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) |