Illinois Administrative Code
Title 38 - FINANCIAL INSTITUTIONS
Part 205 - TRANSMITTERS OF MONEY ACT
Section 205.60 - Permissible Investments
Universal Citation: 38 IL Admin Code ยง 205.60
Current through Register Vol. 48, No. 12, March 22, 2024
Digital currency shall not constitute a permissible investment for purposes of Section 50(a) of the Act. 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 "money" as the term is defined in Section 5 of the Act, whether or not denominated in money.
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