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) [Regulation 14A was inserted by S.I. 2019/1511.] 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 cry
…