Idaho Statutes Title 28. Commercial Transactions § 28-5303. Definitions

(1) “Adverse claim” means a claimant that has a property interest in a virtual currency or a right to payment evidenced by the virtual currency.

(2) “Control” means the ability to exclude others from the use of property and includes the following:

(3) “Digital asset” means a representation of economic, proprietary, or access rights that is stored in a computer-readable format and includes an open blockchain token, digital commodity, digital security, virtual currency, and any other controllable electronic record.

(4) “Digital security” means a digital asset that constitutes a security as defined in section 30-14-102, Idaho Code.

(5) “Multi-signature arrangement” means a system of access control relating to a digital asset for the purposes of preventing unauthorized transactions relating to the asset in which two (2) or more private keys are required to conduct a transaction or any other substantially similar analogue.

(6) “Possession” includes use of a private key, a multi-signature arrangement exclusive to the secured party, a smart contract as defined in this section, or any substantially similar analogue. “Possession” shall also include delivery of certificated digital securities consistent with section 28-8-301(1)(a), Idaho Code.

(7) “Private key” means a unique element of cryptographic data or any substantially similar analogue that is:

(8) “Virtual currency” means a digital asset that is used as a medium of exchange, unit of account, or store of value.