Idaho Bills

Adds to existing law to provide for digital assets as property and to provide for the application of the Uniform Commercial Code to digital assets.

The purpose of this legislation is to establish the legal nature of digital assets under the Uniform Commercial Code, classify digital assets as personal property, specify a method for perfection of security interests in digital assets, authorize banks to voluntarily provide custodial services for digital assets, and permit the opening of blockchain tokens by individuals and businesses so they can use digital tokens for consumptive purposes.

Adds to existing law to provide for classification of digital assets as property and to provide for the application of the Uniform Commercial Code to digital assets.