Illinois SB 2319: JOB OPPORTUNITIES-STATUS

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SB2319 EnrolledLRB104 09000 BAB 19056 b

1 AN ACT concerning regulation.

2 Be it enacted by the People of the State of Illinois, 

3represented in the General Assembly:

4 Section 1. Short title. This Act may be cited as the 

5Digital Asset Kiosks Act.

6 Section 5. Purpose and construction. The purpose of this 

7Act is to protect the People of Illinois against the fraud and 

8scams in digital asset kiosk transactions by providing 

9necessary registration requirements, disclosures, and other 

10safeguards for customers. This Act shall be liberally 

11construed to effectuate its purpose.

12 Section 10. Definitions. As used in this Act:

13 "Affiliate" means any person that controls, is controlled 

14by, or is under common control with another person. As used in 

15this paragraph, "control" means the possession, direct or 

16indirect, of the power to direct or cause the direction of the 

17management and policies of a person.

18 "Applicant" means a person that applies for registration 

19under this Act.

20 "Bank" means a bank, savings bank, savings-and-loan 

21association, savings association, or industrial loan company 

22chartered under the laws of this State or any other state or 

SB2319 Enrolled- 2 -LRB104 09000 BAB 19056 b

1under the laws of the United States.

2 "Blockchain analytics" means the analysis of data from 

3blockchains or public distributed ledgers, including 

4associated transaction information.

5 "Blockchain analytics software" means a