JOURNAL-REGISTER: Should Illinois regulate Bitcoin? Lawmakers seek answers

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The State Journal-Register is reporting, “The Bitcoin craze has hit the Capitol as an Illinois House subcommittee was formed to explore the state’s policies toward the decentralized digital currency and others like it.

Though the Illinois Department of Financial and Professional Regulation currently does not consider such digital currencies valid, lawmakers believe with the proper measures, digital currencies and blockchain technology can have many benefits, such as making state government more efficient.

State Rep. Jaime Andrade, D-Chicago, chairman of the Cybersecurity, Data Analytics and IT committee, said the subcommittee may look to see if some regulation is necessary, but the main goal is to create an environment that “allows and fosters this technology.”

“I learn something new (every time I look at the topic),” Andrade said. “And that’s the point of this task force.”…”

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