2A

In this Part—

• “funds” includes digital settlement assets (except in section 41(2)(e));

• “digital settlement asset” means a digital representation of value or rights, whether or not cryptographically secured, that—

  1. a

     can be used for the settlement of payment obligations,

  2. b

     can be transferred, stored or traded electronically, and

  3. c

     uses technology supporting the recording or storage of data (which may include distributed ledger technology).

2B

In this section, “digital settlement asset” includes a right to, or interest in, a digital settlement asset.

2C

The Treasury may by regulations amend the definition of “digital settlement asset” in subsection (2A).