[303Z64 Compensation]
Proceeds of Crime Act 2002 (2002 c 29) | Legislation

[303Z64 Ìý°ä´Ç³¾±è±ð²Ô²õ²¹³Ù¾±´Ç²Ô±Õ

[(1)     This section applies if no order is made under section 303Z60 in respect of converted cryptoassets detained under this Chapter.

(2)     Where this section applies, the following may make an application to the relevant court for compensation—

(a)     a person to whom the relevant cryptoassets belonged immediately before they were seized;

(b)     a person from whom the relevant cryptoassets were seized;

(c)     a person by or for whom the crypto wallet mentioned in section 303Z58(1) was administered immediately before the crypto wallet freezing order was made in relation to the crypto wallet.

(3)     If the relevant court is satisfied that—

(a)     the applicant has suffered loss as a result of—

(i)     the conversion of the relevant cryptoassets into money, or

(ii)     the detention of the converted cryptoassets, and

(b)     the circumstances are exceptional,

the relevant court may order compensation to be paid to the applicant.

(4)     The amount of compensation to be paid is the amount the relevant court thinks reasonable, having regard to the loss suffered and any other relevant circumstances.

(5)     If the relevant cryptoassets were seized, or the relevant crypto wallet freezing order was applied

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