§ 34-29-101 — Definitions

Wyoming § 34-29-101

• Jurisdiction: Wyoming
• Title 34: Property, Conveyances and Security Transactions
• Ch. 29: DIGITAL ASSETS
• Art. 1: IN GENERAL

Text

(a) As used in this chapter:
(i) "Digital asset" means a representation of
economic, proprietary or access rights that is stored in a
computer readable format and is either a digital consumer asset,
digital security or virtual currency;
(ii) "Digital consumer asset" means a digital asset
that is used or bought primarily for consumptive, personal or
household purposes and includes:
(A) An open blockchain token constituting
intangible personal property as otherwise provided by law;
(B) Any other digital asset which does not fall
within paragraphs (iii) and (iv) of this subsection.
(iii) "Digital security" means a digital asset which
constitutes a security, as defined in W.S. 17-4-102(a)(xxviii),
but shall exclude digital consumer assets and virtual currency;
(iv) "Virtual currency" means a digital asset that
is:
(A) Used as a medium of exchange, unit of
account or store of value; and
(B) Not recognized as legal tender by the United
States government.
(v) "Private key" means a unique element of
cryptographic data, or any substantially similar analogue, which
is:
(A) Held by a person;
(B) Paired with a unique, publicly available
element of cryptographic data; and
(C) Associated with an algorithm that is
necessary to carry out an encryption or decryption required to
execute a transaction.
(b) The terms in paragraphs (a)(ii) through (iv) of this
section are mutually exclusive.