Utah Code 63N-16-401. Definitions

(1) “Blockchain company” means an entity that uses blockchain technology to facilitate financial transactions between users.

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Blockchain technology: means the use of a digital database containing records of financial transactions, which can be simultaneously used and shared within a decentralized, publicly accessible network and can record transactions between two parties in a verifiable and permanent way. See Utah Code 63N-16-102
Person: means :
     (24)(a) an individual;
     (24)(b) an association;
     (24)(c) an institution;
     (24)(d) a corporation;
     (24)(e) a company;
     (24)(f) a trust;
     (24)(g) a limited liability company;
     (24)(h) a partnership;
     (24)(i) a political subdivision;
     (24)(j) a government office, department, division, bureau, or other body of government; and
     (24)(k) any other organization or entity. See Utah Code 68-3-12.5

(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.