Definitions.
Utah Code § 63N-16-401
in effect63N-16-401. Definitions.
(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.
Enacted by Chapter 77, 2023 General Session
Source: Utah Office of Legislative Research and General Counsel (le.utah.gov)URL: https://le.utah.gov/xcode/Title63N/Chapter16/63N-16-S401.html?v=C63N-16-S401_2023050320230503Fetched: 10/26/2026
