38 Ill. Adm. Code 205.60

Permissible Investments

Last amended: 2024Year: 2026Length: 107 wordsOfficial source
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]
38 Ill. Adm. Code 205.60: Permissible Investments | Justis AI