Skip to main content

NURSES: Renew your licenses online here before the May 31, 2024 deadline! Contact our call center at 1-800-560-6420 if you have questions. Go here for help retrieving your user name and here for help resetting your password.

Need to file a complaint against a professional or entity we license? Learn how to do so with the appropriate Division by going here.

IDFPR Releases Final Digital Currency Regulatory Guidance

News Release – Tuesday, June 13, 2017

CHICAGO - Secretary Bryan A. Schneider with the Illinois Department of Financial and Professional Regulation (“IDFPR”) has announced the issuance of guidance to establish the regulatory treatment of digital currency under the Illinois Transmitters of Money Act (205 ILCS 657) (“TOMA”). IDFPR’s guidance focuses on decentralized digital currencies, which are considered electronic mediums of exchange that are not created or issued by a central authority, are not legal tender, and can be used to purchase goods and services or to exchange for other currencies. IDFPR’s guidance follows a commentary period that concluded in January 2017 and takes into account responses received from the public.

Full text of IDFPR’s final and proposed Digital Currency Regulatory Guidance may be found online at:

FOR IMMEDIATE RELEASE

Footer