§ 34-29-101. Definitions

(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.