Section 34-29-104 – Digital Asset Custodial Services.
34-29-104. Digital asset custodial services. (a) A bank may provide custodial services consistent with this section upon providing sixty (60) days written notice to the commissioner. The provisions of this section are cumulative and not exclusive as an optional framework for enhanced supervision of digital asset custody. If a bank elects to provide custodial services […]
Section 34-29-105 – Jurisdiction of Courts.
34-29-105. Jurisdiction of courts. Subject to other jurisdictional limits placed on specific courts by Wyoming law, the courts of Wyoming shall have jurisdiction to hear claims in both law and equity relating to digital assets, including those arising from this chapter and the Uniform Commercial Code, title 34.1, Wyoming statutes.
Section 34-29-106 – Wyoming Utility Token Act; Open Blockchain Tokens Classified as Intangible Personal Property; Characteristics; Filing Requirements; Fee; Enforcement Authority; Definitions; Virtual Currency.
34-29-106. Wyoming Utility Token Act; open blockchain tokens classified as intangible personal property; characteristics; filing requirements; fee; enforcement authority; definitions; virtual currency. (a) This section may be cited as the “Wyoming Utility Token Act.” (b) An open blockchain token with the following characteristics constitutes intangible personal property: (i) The predominant purpose of the token is […]
Section 34-29-102 – Classification of Digital Assets as Property; Applicability to Uniform Commercial Code; Application of Other Law.
34-29-102. Classification of digital assets as property; applicability to Uniform Commercial Code; application of other law. (a) Digital assets are classified in the following manner: (i) Digital consumer assets are intangible personal property and shall be considered general intangibles, as defined in W.S. 34.1-9-102(a)(xlii), only for the purposes of article 9 of the Uniform Commercial […]
Section 34-29-103 – Perfection of Security Interests in Digital Assets; Control; Possession; Security Agreements; Location.
34-29-103. Perfection of security interests in digital assets; control; possession; security agreements; location. (a) Notwithstanding the financing statement requirement specified by W.S. 34.1-9-310(a) as otherwise applied to general intangibles or any other provision of law, perfection of a security interest in virtual currency may be achieved through possession and perfection of a security interest in […]
Section 34-29-101 – Definitions.
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 […]