cryptoasset definition
cryptoasset means a cryptographically secured digital representation of value or contractual rights that uses a form of distributed ledger technology and can be transferred, stored or traded electronically;
cryptoasset means any cryptographically secured digital representation of value or contractual rights that—
cryptoasset means a digital asset which utilizes cryptography, peer to peer networking, and a public ledger to regulate the creation of new units, verify transactions, and secure the transactions without the intervention of a central administrator or middleman. Cryptoassets include, among other assets, cryptocurrencies, platform tokens/cryptocommodities, utility tokens and transactional tokens.
Examples of cryptoasset in a sentence
The Client agrees that every action taken by Zodia in accordance with an Instruction (including each transfer of a Covered Cryptoasset) is conducted entirely at the Client’s own risk.
The Client acknowledges and agrees that Zodia shall have no obligation or duty to ensure effective settlement of any Cryptoasset, nor shall Zodia have any responsibility for ensuring the approval of, or for the consequences of, any such transfer.
More Definitions of cryptoasset
cryptoasset means any cryptographically secured digital representation of value or contractual rights that can be transferred, stored or traded electronically;
cryptoasset means any cryptographically secured digital representation of value or contractual rights that can be transferred, stored or traded electronically.
cryptoasset means any cryptographically secured digital representation of value or contractual rights that (a) can be transferred, stored or traded electronically, and (b) uses technology supporting the recording or storage of data (which may include distributed ledger technology).
cryptoasset means a digital asset, currency, token or coin system in which cryptography and/or the application of distributed computing power are used to regulate the generation of units and to verify Transfers, operating independently of a central bank;
cryptoasset is a type of decentralised digital currency or asset which is not issued by any central bank or issuer. Technological encryption techniques are used to produce units of the currency or asset and verify the transfer of units between owners of the cryptoasset.
cryptoasset means money, scrip or other representation of value or contractual rights that can only be exchanged electronically on a Distributed Ledger;
cryptoasset means a digital currency, token or coin generated by a system in which cryptography and/or the application of distributed computing power are used to regulate the generation and/distribution of units and to verify Transfers.