United States — Utah Act or statute

United States — Utah legislation

Utah Code § 7-29-101, 2025

Source excerpt

blockchaindata transferdigital assetselectronic recordshardware walletproperty controlvirtual currency

Jurisdiction: United States — Utah
Status: In force
Official identity: Year 2025
Dates: Enacted 2025

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Dates: Enacted 2025

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“Definitions. As used in this chapter: "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”

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Definitions.

Section 7-29-101

Subsection 7-29-101(2)(a)

virtual currency;

Section 7-29-101(2)(a)

Subsection 7-29-101(2)(c)(i)

stablecoins; and

Section 7-29-101(2)(c)(i)

Subsection 7-29-101(3)

"Hardware wallet" is defined as a physical device not continuously connected to the Internet that lets an individual secure and transfer digital assets and lets the owner retain independent control of those assets.

Section 7-29-101(3)

Subsection 7-29-101(3)(c)

enables the owner of digital assets to retain independent control over the digital assets.

Section 7-29-101(3)(c)

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In force source record

Source record from le.utah.gov · Enacted 2025

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Showing 13 of 13 provisions

Provision 12Interpretation

Part 7-29-1

part 7-29-1 General Provisions

§ 7-29-101Definitions.Interpretation

Source excerpt

Definitions. As used in this chapter: "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. "Digital asset" means: virtual currency; cryptocurrency; natively electronic assets, including: stablecoins; and non-fungible tokens; or other digital-only assets that confer economic, proprietary, or access rights or powers. "Hardware wallet" means a physical device that: is not continuously connected to the Internet; allows an individual to secure and transfer digital assets; and enables the owner of digital assets to retain independent control over the digital assets.

Section 7-29-101Verify source

§ 7-29-101(1)Subsection 7-29-101(1)Provision

Source excerpt

Defines “blockchain protocol” as executable software used to transfer data and electronic records through a distributed network of nodes, including standardized rules based on an existing blockchain.

"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.

Section 7-29-101(1)Verify source

§ 7-29-101(2)Subsection 7-29-101(2)Provision

Source excerpt

"Digital asset" means: virtual currency; cryptocurrency; natively electronic assets, including: stablecoins; and non-fungible tokens; or other digital-only assets that confer economic, proprietary, or access rights or powers.

Section 7-29-101(2)Verify source

§ 7-29-101(2)(a)Subsection 7-29-101(2)(a)Provision

Source excerpt

virtual currency;

Section 7-29-101(2)(a)Verify source

§ 7-29-101(2)(b)Subsection 7-29-101(2)(b)Provision

Source excerpt

cryptocurrency;

Section 7-29-101(2)(b)Verify source

§ 7-29-101(2)(c)Subsection 7-29-101(2)(c)Provision

Source excerpt

natively electronic assets, including: stablecoins; and non-fungible tokens; or

Section 7-29-101(2)(c)Verify source

§ 7-29-101(2)(c)(i)Subsection 7-29-101(2)(c)(i)Provision

Source excerpt

stablecoins; and

Section 7-29-101(2)(c)(i)Verify source

§ 7-29-101(2)(c)(ii)Subsection 7-29-101(2)(c)(ii)Provision

Source excerpt

References non-fungible tokens.

non-fungible tokens; or

Section 7-29-101(2)(c)(ii)Verify source

§ 7-29-101(2)(d)Subsection 7-29-101(2)(d)Provision

Source excerpt

other digital-only assets that confer economic, proprietary, or access rights or powers.

Section 7-29-101(2)(d)Verify source

§ 7-29-101(3)Subsection 7-29-101(3)Provision

Source excerpt

"Hardware wallet" means a physical device that: is not continuously connected to the Internet; allows an individual to secure and transfer digital assets; and enables the owner of digital assets to retain independent control over the digital assets.

Section 7-29-101(3)Verify source

§ 7-29-101(3)(a)Subsection 7-29-101(3)(a)Provision

Source excerpt

is not continuously connected to the Internet;

Section 7-29-101(3)(a)Verify source

§ 7-29-101(3)(b)Subsection 7-29-101(3)(b)Provision

Source excerpt

allows an individual to secure and transfer digital assets; and

Section 7-29-101(3)(b)Verify source

§ 7-29-101(3)(c)Subsection 7-29-101(3)(c)Provision

Source excerpt

enables the owner of digital assets to retain independent control over the digital assets.

Section 7-29-101(3)(c)Verify source

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Utah Code § 7-29-101, 2025

Purpose and legislative effect

How the instrument operates

Start with the recorded version

Locate the controlling provision

Read conditions and exceptions together

Verify currency and official wording

Research entry points

Source and current-law status

In force source record

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