reg 64B Interpretation
In this Part— “ batch file transfer ” means a bundle of individual inter-cryptoasset business transfers from a single originator put together by a cryptoasset business of the originator for transmission to a cryptoasset business of a beneficiary or beneficiaries; “ beneficiary ” means the intended recipient of a cryptoasset from an originator; “ cryptoasset ” has the meaning given in regulation 14A(3)(a) (cryptoasset exchange providers and custodian wallet providers) and includes a right to, or interest in, the cryptoasset; “ cryptoasset business ” means a cryptoasset exchange provider or a custodian wallet provider; “ cryptoasset transfer ” means an inter-cryptoasset business transfer or an unhosted wallet transfer; “ inter-cryptoasset business transfer ” means a transaction carried out by two or more cryptoasset businesses which involves the making available of a cryptoasset of an originator to a beneficiary, provided that at least one of the cryptoasset businesses involved in the transaction is carrying on business in the United Kingdom in respect of the transaction (whether that is a cryptoasset business acting for the originator or a cryptoasset business acting for the beneficiary or an intermediary cryptoasset business); “ intermediary cryptoasset business ” means a cryptoasset business which, in the course of an inter-cryptoasset business transfer— is not acting for the originator or the beneficiary; and receives and transmits a cryptoasset on behalf of a cryptoasset business; “ originator ” means a person who owns a cryptoasset and allows a transfer of that cryptoasset; “ unhosted wallet ” means software or hardware that enables a person to store and transfer a cryptoasset on their own behalf, and in relation to which a private cryptographic key is administered by that person; “ unhosted wallet transfer ” means the transfer of a cryptoasset either— by an originator from an unhosted wallet to the cryptoasset business of a beneficiary, or by the cryptoasset business of the originator to the unhosted wallet of a beneficiary, with a view to making the cryptoasset available to the beneficiary; “ unique transaction identifier ” means the combination of letters, numbers or symbols determined by a cryptoasset business which permits the traceability of the transaction from the originator to the beneficiary; “ working day ” means any day other than a Saturday, a Sunday, Christmas Day, Good Friday or a day which is a bank holiday under the Banking and Financial Dealings Act 1971 in any part of the United Kingdom.