MarketPR
Illinois has moved to impose a tax on bitcoin transactions, prompting questions about what the measure actually covers and who bears the cost.
The framing matters: a tax on transactions is a different animal from a capital-gains levy, and the distinction has direct consequences for how $BTC moves — or stalls — inside state lines.
What "Transaction Tax" Actually Means The label is doing a lot of work here. A transaction tax, in the broadest reading, applies at the point of transfer rather than on realized gains.
That means ordinary buyers and sellers could face a charge every time $BTC changes hands, not just when a position is closed at a profit.
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