[303Z57 Detained cryptoassets: detention of proceeds of conversion]
Proceeds of Crime Act 2002 (2002 c 29) | Legislation

[Detention]

[303Z57  Detained cryptoassets: detention of proceeds of conversion]

[(1)     This section applies where cryptoassets are converted into money in accordance with an order under section 303Z54.

(2)     The proceeds of the conversion (the “converted cryptoassets”) may be detained initially until the end of the period that the cryptoassets could, immediately before the conversion, have been detained under Chapter 3C (ignoring the possibility of any extension of that period).

(3)     The period for which the converted cryptoassets may be detained may be extended by an order made by the relevant court.

(4)     An order under subsection (3) may not authorise the detention of the converted cryptoassets beyond

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