Cryptoassets 1) are the digital representation of a right, asset or value that can be transferred or stored electronically, using distributed registry technologies or other similar technology, excluding those that meet the characteristics of securities and financial instruments in accordance with Royal Legislative Decree 4/ 2015, of October 23, which approves the consolidated text of the Securities Market Law (hereinafter, âLMVâ) and 2) any digital representation of a security that is not issued or guaranteed by a central bank or a public authority, which is not necessarily linked to legal tender and which does not have the legal status of currency or money, but which is accepted by natural or legal persons as a medium of exchange and which can be transferred, stored or negotiated electronically , following the definition of virtual currency offered in section 5 of article 1 of Law 10/2010, of April 28, on the prevention of money laundering and the financing of terrorism ("LPBC"). This definition is subject to change, in accordance with the evolution of applicable legislation.
