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Watch Illinois Department of Financial and Professional Regulation IL Jun 12, 2026

Illinois IDFPR proposed Digital Assets and Consumer Protection Act rules, Part 1031

Illinois IDFPR had proposed rules open for comment through June 29, 2026 to implement the Digital Assets and Consumer Protection Act at 38 Ill. Adm.

Illinois IDFPR had proposed rules open for comment through June 29, 2026 to implement the Digital Assets and Consumer Protection Act at 38 Ill. Adm. Code 1031. The proposed Part 1031 covers definitions, money transmission treatment, applications, renewals, surety bonds, and enforcement.

What changed

IDFPR proposed a new regulatory part for digital asset activity under Illinois law. It would build out application, renewal, bonding, and enforcement requirements for covered entities.

Compliance perspective

Firms with digital asset or money transmission activity in Illinois should compare current licensing posture, bond levels, and business model scope against the proposed Part 1031 requirements. This is an early point to identify entity structure, product, and disclosure issues before final rules arrive.

Need help staying compliant?

Tell us where you operate and what licenses you hold; we'll handle the filings and renewals so changes like this do not catch you off guard.

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