63N-16-401. Definitions.
90 words·~1 min read·
/ut/title-63n/chapter-16/63n-16-401·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 5/3/2023
63N-16-401. Definitions.
(1)"Blockchain company" means an entity that uses blockchain technology to facilitate financial transactions between users.
(2)"Noncustodial blockchain company" means a blockchain company that does not have possession or control of a user's private key.
(3)"Private key" means the same as that term is defined in Section 13-62-101 .
(4)"Registry" means the Noncustodial Blockchain Registry described in Section 63N-16-402 .
(5)"User" means a person who engages in a financial transaction through a blockchain company.
Enacted by Chapter 77 , 2023 General Session