Schedule 9, Part 1, paragraph 1(11)

Where cryptoassets are converted in accordance with an order made under this section— the crypto wallet freezing order ceases to have effect, any application made under section 303Z41(2) in relation to the cryptoassets which has not yet been determined or otherwise disposed of (including under section 303Z44 or 303Z45) is to be treated as if it were an application made under section 303Z60(2) in relation to the converted cryptoassets, and any application made under section 303Z46(2) in relation to the crypto wallet which has not yet been determined or otherwise disposed of may not be proceeded with.

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Source: legislation.gov.uk · retrieved 2026-09-04