(1) This section applies to cryptoassets which are held by a person and which have been seized by an appropriate officer under a relevant seizure power.
(2) A magistrates' court may by order authorise an appropriate officer to destroy the cryptoassets if -
(a) a confiscation order is made against the person by whom the cryptoassets are held,
(b) a receiver has not been appointed under section 50 in relation to the cryptoassets, and
(c) either -
(i) it is not reasonably practicable to realise the cryptoassets, or
(ii) there are reasonable grounds to believe that the realisation of the cryptoassets would be contrary to the public interest, having regard in particular to how likely it is that the entry of the cryptoassets into general circulation would facilitate criminal conduct by any person.
(3) An order under this section -
(a) must set out the court's assessment of the market value of the cryptoassets to which it relates;
(b) may authorise the destruction of cryptoassets only to the
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