Part 1 Amendments to the Anti-Terrorism, Crime and Security Act 2001
Economic Crime and Corporate Transparency Act 2023 (2023 c 56) | Legislation

SCHEDULE 10 Cryptoassets: Terrorism

Section 181

Part 1 Amendments to the Anti-Terrorism, Crime and Security Act 2001

1

Schedule 1 to the Anti-terrorism, Crime and Security Act 2001 (forfeiture of terrorist property) is amended as follows.

2

After Part 4B insert—

“Part 4BA
Seizure and Detention of Terrorist Cryptoassets

Interpretation

10Z7A

(1)     In this Schedule—

“cryptoasset†means a cryptographically secured digital representation of value or contractual rights that uses a form of distributed ledger technology and can be transferred, stored or traded electronically;

“crypto wallet†means—

(a)     software,

(b)     hardware,

(c)     a physical item, or

(d)     any combination of the things mentioned in paragraphs (a) to (c),
which is used to store the cryptographic private key that allows cryptoassets to be accessed;

“terrorist cryptoasset†means a cryptoasset which—

(a)     is within subsection (1)(a) or (b) of section 1, or

(b)     is earmarked as terrorist property.

(2)     The Secretary of State may by regulations made by statutory instrument amend the definitions of “cryptoasset†and “crypto wallet†in sub-paragraph (1).

(3)     Regulations under sub-paragraph (2)—

(a)     may make different provision for different purposes;

(b)     may make consequential, supplementary, incidental, transitional, transitory or saving provision.

(4)     A statutory

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