Utah Code § 7-29-101: Definitions.
Where this section sits in the code
- Title 7 Financial Institutions Act
- Chapter 7-29 Digital Asset and Blockchain Technology
- Part 7-29-1 General Provisions
As used in this chapter:
(1) "Blockchain protocol" means any executable software deployed to enable the transfer of data and electronic records through a distributed network of nodes, including an additional standardized set of rules that uses a previously existing blockchain as a base.
(2) "Digital asset" means:
(a) virtual currency;
(b) cryptocurrency;
(c) natively electronic assets, including:
(i) stablecoins; and
(ii) non-fungible tokens; or
(d) other digital-only assets that confer economic, proprietary, or access rights or powers.
(3) "Hardware wallet" means a physical device that:
(a) is not continuously connected to the Internet;
(b) allows an individual to secure and transfer digital assets; and
(c) enables the owner of digital assets to retain independent control over the digital assets.
Collected 2026-09-03T11:34:33Z. Source file · JSON