Ill. Admin. Code tit. 38 § 205.60

Current through Register Vol. 48, No. 50, December 13, 2024

Section 205.60 - Permissible Investments

Digital currency shall not constitute a permissible investment. 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 a medium of exchange that is authorized or adopted by the United States or a foreign government as part of its currency and that is customarily used and accepted as a medium of exchange in the country of issuance or a monetary unit of account established by an intergovernmental organization or by agreement between two or more governments. [205 ILCS 658/2-1 ]

Ill. Admin. Code tit. 38, § 205.60

Added at 47 Ill. Reg. 795, effective 1/5/2023

Amended at 48 Ill. Reg. 17546, effective 11/20/2024