SCHEDULES

SCHEDULE 8Cryptoassets: confiscation orders

PART 1England and Wales

I1I3I26Detention and release of property

In section 47L (further detention pending variation of restraint order), after subsection (3) insert—

4

Exempt property seized under section 47C(5A) may be detained under subsections (2) and (3) only with the approval of a senior officer.

5

In subsection (4)—

  • “exempt property” has the meaning given in section 47C(4) (reading references there to the defendant as references to the person by whom the property is held);

  • “senior officer” has the meaning given in section 47G(3) (and for this purpose, the powers under subsections (2) and (3) to detain property are to be treated as exercised by the appropriate officer who seized the property).