Remedy
Start free

Section 303Z63: Victims and other owners

Proceeds of Crime Act 2002 · 2002 c. 29View on legislation.gov.uk

Part 5: Civil recovery of the proceeds etc. of unlawful conduct — CHAPTER 3F: Conversion of cryptoassets

This section applies where converted cryptoassets are detained under this Chapter.

Where this section applies, a person ("P") who claims that the relevant cryptoassets belonged to P immediately before—

the relevant cryptoassets were seized, or
the crypto wallet freezing order was made in relation to the crypto wallet in which the relevant cryptoassets were held,

may apply to the relevant court for some or all of the converted cryptoassets to be released to P.

The application may be made in the course of proceedings under section 303Z57, 303Z58 or 303Z60 or at any other time.

The relevant court may order the converted cryptoassets to which the application relates to be released to the applicant if it appears to the relevant court that the condition in subsection (5) is met.

The condition in this subsection is that—

the applicant was deprived of the relevant cryptoassets, or of property which they represent, by unlawful conduct,
the relevant cryptoassets the applicant was deprived of were not, immediately before the applicant was deprived of them, recoverable property, and
the relevant cryptoassets belonged to the applicant immediately before—
the relevant cryptoassets were seized, or
the crypto wallet freezing order was made in relation to the crypto wallet in which the relevant cryptoassets were held.

If subsection (7) applies, the relevant court may order the converted cryptoassets to which the application relates to be released to the applicant or to the person from whom the relevant cryptoassets were seized.

This subsection applies where—

the applicant is not the person from whom the relevant cryptoassets were seized,
it appears to the relevant court that the relevant cryptoassets belonged to the applicant immediately before—
the relevant cryptoassets were seized, or
the crypto wallet freezing order was made in relation to the crypto wallet in which the relevant cryptoassets were held,
the relevant court is satisfied that the release condition is met in relation to the converted cryptoassets, and
no objection to the making of an order under subsection (6) has been made by the person from whom the relevant cryptoassets were seized.

The release condition is met—

if the conditions in this Chapter for the detention of the converted cryptoassets are no longer met, or
in relation to converted cryptoassets which are subject to an application for forfeiture under section 303Z60, if the court or sheriff decides not to make an order under that section in relation to the converted cryptoassets.

Where subsection (2)(b) applies, references in this section to a person from whom relevant cryptoassets were seized include a reference to a person by or for whom the crypto wallet mentioned in that provision was administered immediately before the crypto wallet freezing order was made in relation to the crypto wallet.

In this section "the relevant cryptoassets" means—

in relation to converted cryptoassets detained under section 303Z57, some or all of the cryptoassets mentioned in subsection (1) of that section, and
in relation to converted cryptoassets detained under section 303Z58, some or all of the cryptoassets mentioned in subsection (1) of that section.

About this text

This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. These source and reuse terms cover the legislation text, not Remedy's commentary.

Reuse reviewed 21 August 2026 under Open Government Licence v3.0.