cryptocurrency regulatory system

It is reported that the US state of Illinois will follow the example of New York to develop a cryptocurrency regulatory system, requiring cryptocurrency companies to seek a license similar to New York’s BitLicense, and will also establish a trust company that can handle the custody of digital assets. Cryptocurrency trading platforms and other virtual asset enterprises must provide investment disclosure, protect customer assets, take defensive measures to prevent hacker attacks, and protect themselves from being used for money laundering. Interpretation of this information: The US state of Illinois is…