13-83-101. Definitions.
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/ut/title-13/chapter-83/13-83-101A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 5/6/2026
13-83-101. Definitions.
As used in this chapter:
(1)"Transaction hash" means a unique identifier made up of a string of characters that act as a record and provide proof the transaction was verified and added to the blockchain.
(2)"Virtual currency" means a digital representation of value that is used as a medium of exchange, unit of account, or store of value and is not money, whether or not denominated in money.
(3)"Virtual currency address" means an alphanumeric identifier associated with a virtual currency wallet identifying the location to which a virtual currency transaction may be sent.
(4)"Virtual currency kiosk" means an electronic terminal acting as a mechanical agent of the virtual currency kiosk operator to enable the virtual currency kiosk operator to facilitate the exchange of virtual currency for money, bank credit, or other virtual currency.
(5)"Virtual currency kiosk operator" means a person that operates a virtual currency kiosk in this state.
(6)"Virtual currency kiosk transaction" means a transaction conducted or performed, in whole or in part, by electronic means via a virtual currency kiosk to purchase virtual currency with fiat currency or to sell virtual currency for fiat currency.
(7)"Virtual currency wallet" means a software application or other mechanism providing a means to hold, store, or transfer virtual currency.
Enacted by Chapter 394 , 2026 General Session