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Utah Code § 7-29-101

Definitions

Enacted by Chapter 228, 2025 General Session

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.

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