Sec. 301. Definitions
177 words·~1 min read·
/bill/115/hr/7321/ih/section-301A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In this title: The terms correspondent account and payable-through account have the meanings given those terms in section 5318A of title 31, United States Code. The term digital currency exchange means any organization, association, or group of persons, whether incorporated or unincorporated, which constitutes, maintains, or provides a market place or facilities for bringing together purchasers and sellers of digital currencies or for otherwise performing with respect to digital currencies the functions commonly performed by an exchange as that term is generally understood, and includes the market place and the market facilities maintained by such digital currency exchange.
The term foreign person means a person that is not a United States person. The term Iranian digital currency means any digital currency, digital coin, or digital token that was issued by, for, or on behalf of the Government of Iran. The term United States person means any United States citizen, permanent resident alien, entity organized under the laws of the United States or any jurisdiction within the United States (including foreign branches), or person in the United States.