(a) The definitions provided in Section 75-16-5 shall also apply to the terms used in this article, and for the purposes of this article, the following terms have the meanings as defined in this section, unless the context clearly indicates otherwise:(a) “Blockchain analytics” means the analysis of data from blockchains or public distributed ledgers, including associated transaction information to provide risk-specific information about virtual currency transactions and virtual currency addresses.(b) “Blockchain analytics software” means a software service that uses blockchain analytics data to provide risk-specific information about virtual currency wallet addresses, among other things.(c) “Commissioner” means the Commissioner of Banking and Consumer Finance.(d) “Elder adult” means a person who is sixty (60) years of age or older.(e) “Existing customer” means an individual who is not a new customer.(f) “New customer” means an individual who has never previously transacted with the virtual currency kiosk operator. The new customer shall remain defined as such during the fourteen-day period after the first virtual currency kiosk transaction with the virtual currency kiosk operator.(g) “Transaction hash” means a unique identifier made up of a string of characters that acts as a record of and provides proof that the transaction was verified and added to the blockchain.(h) “Unique identifier” means a number or other identifier that is assigned by a protocol established by the automated licensing system approved operator. This will be determined by valid identification.(i) “Virtual currency address” means an alphanumeric identifier associated with a virtual currency wallet identifying the location to which a virtual currency transaction can be sent.(j) “Virtual currency kiosk” means a stand-alone automated platform through which a consumer may deposit or receive cash or use a credit or debit card to obtain virtual currency services.(k) “Virtual currency kiosk operator” means a person that engages in virtual currency business activity through a virtual currency kiosk located in this state or a person that owns, operates or manages a virtual currency kiosk located in this state through which virtual currency business activity is offered.(l) “Virtual currency kiosk transaction” means a transaction made at a virtual currency kiosk to purchase virtual currency with U.S. dollars or to sell virtual currency for U.S. dollars.(m) “Virtual currency storage” means:(i) Maintaining possession, custody or control over virtual currency on behalf of another person, including as a virtual currency control-services vendor;(ii) Issuing, transferring or otherwise granting or providing to any person in this state any claim or right or any physical, digital or electronic instrument, receipt, certificate or record representing any claim or right to receive, redeem, withdraw, transfer, exchange or control any virtual currency or amount of virtual currency; or(iii) Receiving possession, custody or control over virtual currency from a person in this state in return for a promise or obligation to return, repay, exchange or transfer such virtual currency or a like amount of such virtual currency.(n) “Virtual currency wallet” means a software application or other mechanism providing a means for holding, storing and transferring virtual currency.
(a) “Blockchain analytics” means the analysis of data from blockchains or public distributed ledgers, including associated transaction information to provide risk-specific information about virtual currency transactions and virtual currency addresses.
(b) “Blockchain analytics software” means a software service that uses blockchain analytics data to provide risk-specific information about virtual currency wallet addresses, among other things.
(c) “Commissioner” means the Commissioner of Banking and Consumer Finance.
(d) “Elder adult” means a person who is sixty (60) years of age or older.
(e) “Existing customer” means an individual who is not a new customer.
(f) “New customer” means an individual who has never previously transacted with the virtual currency kiosk operator. The new customer shall remain defined as such during the fourteen-day period after the first virtual currency kiosk transaction with the virtual currency kiosk operator.
(g) “Transaction hash” means a unique identifier made up of a string of characters that acts as a record of and provides proof that the transaction was verified and added to the blockchain.
(h) “Unique identifier” means a number or other identifier that is assigned by a protocol established by the automated licensing system approved operator. This will be determined by valid identification.
(i) “Virtual currency address” means an alphanumeric identifier associated with a virtual currency wallet identifying the location to which a virtual currency transaction can be sent.
(j) “Virtual currency kiosk” means a stand-alone automated platform through which a consumer may deposit or receive cash or use a credit or debit card to obtain virtual currency services.
(k) “Virtual currency kiosk operator” means a person that engages in virtual currency business activity through a virtual currency kiosk located in this state or a person that owns, operates or manages a virtual currency kiosk located in this state through which virtual currency business activity is offered.
(l) “Virtual currency kiosk transaction” means a transaction made at a virtual currency kiosk to purchase virtual currency with U.S. dollars or to sell virtual currency for U.S. dollars.
(m) “Virtual currency storage” means:(i) Maintaining possession, custody or control over virtual currency on behalf of another person, including as a virtual currency control-services vendor;(ii) Issuing, transferring or otherwise granting or providing to any person in this state any claim or right or any physical, digital or electronic instrument, receipt, certificate or record representing any claim or right to receive, redeem, withdraw, transfer, exchange or control any virtual currency or amount of virtual currency; or(iii) Receiving possession, custody or control over virtual currency from a person in this state in return for a promise or obligation to return, repay, exchange or transfer such virtual currency or a like amount of such virtual currency.
(i) Maintaining possession, custody or control over virtual currency on behalf of another person, including as a virtual currency control-services vendor;
(ii) Issuing, transferring or otherwise granting or providing to any person in this state any claim or right or any physical, digital or electronic instrument, receipt, certificate or record representing any claim or right to receive, redeem, withdraw, transfer, exchange or control any virtual currency or amount of virtual currency; or
(iii) Receiving possession, custody or control over virtual currency from a person in this state in return for a promise or obligation to return, repay, exchange or transfer such virtual currency or a like amount of such virtual currency.
(n) “Virtual currency wallet” means a software application or other mechanism providing a means for holding, storing and transferring virtual currency.