Utah Code tit. 63N, ch. 63N-16, pt. 63N-16-P4 — Noncustodial Blockchain Registry | Utah Code (current version as served 2026-10-18) — Utah

Utah Code § 63N-16-401 Definitions.

63N-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

Utah Code § 63N-16-402 Noncustodial Blockchain Registry -- Contents -- Rulemaking.

63N-16-402. Noncustodial Blockchain Registry -- Contents -- Rulemaking. (1) The regulatory relief office shall maintain a Noncustodial Blockchain Registry that lists noncustodial blockchain companies conducting business in the state. (2) For each registered noncustodial blockchain company, the regulatory relief office shall include on the registry: (a) the name of the noncustodial blockchain company; and (b) the noncustodial blockchain company's authorized agents in the state, if any. (3) The regulatory relief office may make rules in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, to administer the registry. Enacted by Chapter 77, 2023 General Session

Utah Code § 63N-16-403 Registry application -- Certificate -- Renewal -- Removal -- Notice.

63N-16-403. Registry application -- Certificate -- Renewal -- Removal -- Notice. (1) (a) Subject to Subsection (1)(b), an applicant for placement on the registry shall provide to the regulatory relief office: (i) an application in a form prescribed by the regulatory relief office; and (ii) a fee established by the regulatory relief office in accordance with Section 63J-1-504. (b) The application shall include: (i) a place for the name of the applicant, including any trade name used by the applicant in the conduct of the applicant's business; (ii) a place for a description of the activities conducted by the applicant in the state; (iii) a place for the applicant to list the applicant's: (A) authorized agents in the state, if any; and (B) website URL; (iv) a description of general noncustodial blockchain company activities; (v) a place for the applicant to acknowledge that the applicant is a noncustodial blockchain company; and (vi) a statement notifying the applicant that the applicant may be removed from the registry if the applicant: (A) ceases to operate as a noncustodial blockchain company; or (B) engages in unlawful activity. (2) (a) Upon receipt of the application and fee described in Subsection (1), the regulatory relief office shall: (i) place the applicant on the registry; and (ii) issue a certificate of registration to the applicant. (b) A noncustodial blockchain company's registration expires one year after the day on which the noncustodial blockchain company is placed on the registry. (c) A noncustodial blockchain company may renew the noncustodial blockchain company's registration by providing to the regulatory relief office: (i) a renewal application in a form prescribed by the regulatory relief office; and (ii) a renewal fee established by the regulatory relief office in accordance with Section 63J-1-504. (3) A registered noncustodial blockchain company: (a) shall immediately provide written notice to the regulatory relief office upon ceasing to operate as a noncustodial blockchain company; and (b) may request removal from the registry in writing. (4) The regulatory relief office shall remove a registered noncustodial blockchain company from the registry if: (a) the noncustodial blockchain company's registration expires without renewal; (b) the noncustodial blockchain company provides the notice or request described in Subsection (3); or (c) the regulatory relief office knows or has reason to know the noncustodial blockchain company is engaging in unlawful activity. Enacted by Chapter 77, 2023 General Session