Cryptocurrency Market Updates: Taxes Delayed, Licenses Issued

The crypto market experienced significant developments on October 1, 2026. Illinois postponed its 0.2% tax on crypto buys, sales, and transfers until July 1, 2027, pending court approval.

This move comes as industry groups are already suing over the proposed tax. Meanwhile, Latvia issued a MiCA license to a UK-backed firm, allowing it to operate across the EU with 13 payment licenses in hand.

The Philippine central bank restricted inbound transfers into Coins.ph due to security concerns, but outbound transfers remain available.