[303Z58 Frozen crypto wallets: detention of proceeds of conversion]
Proceeds of Crime Act 2002 (2002 c 29) | Legislation

[303Z58  Frozen crypto wallets: detention of proceeds of conversion]

[(1)     This section applies where cryptoassets held in a crypto wallet subject to a crypto wallet freezing order are converted into money in accordance with an order under section 303Z55.

(2)     The proceeds of the conversion (the “converted cryptoassets”) may be detained initially until the end of the period that the crypto wallet freezing order was, immediately before the conversion, due to have effect under Chapter 3D (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)

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