Vermont § 2571 - Definitions As used in this subchapter:
Full text of Vermont Vermont Statutes Online § 2571 — Definitions As used in this subchapter:, with citation guidance and answers to common questions.
§ 2571. Definitions As used in this subchapter:
- (1) “Blockchain” has the same meaning as in 12 V.S.A. § 1913(a)(1). (2) “Blockchain analytics” means a software service that uses data from various virtual
currencies and their applicable blockchains to provide a risk rating specific to digital
wallet addresses from users of virtual-currency kiosks. (3) “Digital wallet” means hardware or software that enables individuals to store and
use virtual currency. (4) “Digital wallet address” means an alphanumeric identifier representing a destination
on a blockchain for a virtual currency transfer that is associated with a digital
wallet. (5) “Exchange,” used as a verb, means to assume or exercise control of virtual currency
from or on behalf of a person, including momentarily, to buy, sell, trade, or convert: (A) virtual currency for money, monetary value, bank credit, or one or more forms of virtual
currency, or other consideration; or (B) money, monetary value, bank credit, or other consideration for one or more forms of
virtual currency. (6) “Existing customer” means a consumer who: (A) is engaging in a transaction at a virtual-currency kiosk in Vermont; and (B) whose first transaction with the virtual-currency kiosk operator occurred more than
30 days prior. (7) “New customer” means a consumer who: (A) is engaging in a transaction at a virtual-currency kiosk in Vermont; and (B) whose first transaction with the virtual-currency kiosk operator occurred not more
than 30 days prior. (8) “Transfer” means to assume or exercise control of virtual currency from or on behalf
of a person and to: (A) credit the virtual currency to the account or digital wallet of another person; (B) move the virtual currency from one account or digital wallet of a person to another
account or digital wallet of the same person; or (C) relinquish or transfer control or ownership of virtual currency to another person,
digital wallet, distributed ledger address, or smart contract. (Added 2023, No. 110 (Adj
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 2571
What does Vermont Statutes Online § 2571 cover?
Section 2571 ("Definitions As used in this subchapter:") is part of the Vermont Statutes Online, the codified statutory law of Vermont. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Vermont § 2571?
A common citation format is "Vermont Statutes Online § 2571" (Vermont). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 2571 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Vermont.