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Utah Code § 63N-16-401

Definitions

Enacted by Chapter 77, 2023 General Session

(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.

Official source: Utah State Legislature. Reproduced from public-domain Utah statutes; confirm against the official source for the current text. Not legal advice.