All cryptocurrency operators could soon be required to register with the Illinois Department of Financial and Professional Regulation. One proposal could set transaction limits, a maximum withdrawal fee and create a live customer service portal. The other legislation would require operators to be transparent about the risks involved with their products, services and virtual currency by providing disclosures to customers.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.