Paragraph 10Z7D InterpretationF1

In this Part—

• “converted cryptoassets” is to be read in accordance with paragraphs 10Z7DD and 10Z7DE;

• “crypto wallet freezing order” has the same meaning as in Part 4BB (see paragraph 10Z7B(6));

• “relevant court” means—

  1. (a)

     in England and Wales and Northern Ireland, a magistrates’ court;

  2. (b)

     in Scotland, the sheriff;

• “relevant financial institution” has the same meaning as in Part 4B (see paragraph 10Q);

• “UK-connected cryptoasset service provider” has the same meaning as in Part 4BB (see paragraph 10Z7B(7)).

Paragraph 10Z7B(6)(b) (administration of crypto wallets) applies in relation to this Part as it applies in relation to Part 4BB.

In this Part references to the conversion of cryptoassets into money are references to the conversion of cryptoassets into—

For the purposes of Parts 2 to 4, converted cryptoassets detained under this Part are not to be treated as cash detained under this Schedule.