Utah § 7-29-101 Definitions.

Utah Statutes

§ 7-29-101 — Definitions.

Utah § 7-29-101

Title 7Financial Institutions Act

Ch. 7-29Digital Asset and Blockchain Technology

Part 7-29-1General Provisions

This text of Utah § 7-29-101 (Definitions.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 7-29-101 (2026).

Text

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:

(2)(a) virtual currency;

(2)(b) cryptocurrency;

(2)(c) natively electronic assets, including:

(2)(c)(i) stablecoins; and

(2)(c)(ii) non-fungible tokens; or

(2)(d) other digital-only assets that confer economic, proprietary, or access rights or powers.

(3)"Hardware wallet" means a physical device that:

(3)(a) is not continuously connected to the Internet;

(3)(b) allows an individual to secure and transfer digital assets; and

(3)(c) enables the owner of digital assets to retain ind

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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:
(2)(a) virtual currency;
(2)(b) cryptocurrency;
(2)(c) natively electronic assets, including:
(2)(c)(i) stablecoins; and
(2)(c)(ii) non-fungible tokens; or
(2)(d) other digital-only assets that confer economic, proprietary, or access rights or powers.
(3) "Hardware wallet" means a physical device that:
(3)(a) is not continuously connected to the Internet;
(3)(b) allows an individual to secure and transfer digital assets; and
(3)(c) enables the owner of digital assets to retain independent control over the digital assets.