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Version status: Partly in force | Document consolidation status: Updated to reflect all known changes
Version date: 26 October 2023 - onwards
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131AA. Destruction of seized cryptoassets

(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) The sheriff 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) an administrator has not been appointed under section 128 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 may be made -

(a) on the application of the prosecutor, or

(b) by the sheriff of the sheriff's own accord.

(4) An order under this section -

(a) must set out the sheri

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