Quote from: Fies7aa on November 27, 2018, 12:22:46 AM

Quote from: SnowAugustine on November 26, 2018, 07:43:49 PM

I am just curious and have been googling on whether the law has rules about virtual wallets. Maybe I am just not really familiar with the technical terms so I do not understand well. Or I just didn't use the correct search terms.
To give an example, if you have debts or have to pay for alimony or something of the like, are virtual wallets included in your assets to be seized or something?
According to the summary of this article: https://www.acamstoday.org/real-considerations-for-law-enforcement-in-seizing-virtual-currency/
"The bottom line for law enforcement is that they cannot seize virtual currency if they do not recognize it and do not know where to look. Even if evidence of virtual currency is found, unless law enforcement is equipped with the knowledge and the tools to take secure possession of it, then it will not happen and criminals will keep their ill-gotten gains."
So does that mean that the law will not touch your virtual wallet in case of debt, for example?

Remember is different per country, but if they know anything about a virtual wallet and the government wants to seize the currency they can try to hack into your account, or go to the company where the wallet is stored and ask for corporation. If how ever they don't find any clues that you own a virtual wallet, then there should be no problem other than going to jail because you cannot pay ur debt.

Why this question? Do you run a pharmacy lol

That's right. Every country has their own set of laws. However, if you speak of cyber laws these days, many countries have been updating their laws to cater also that kind of crimes, since there are so many crimes perpetrated online or with the use of the internet. Today, there are a wide array of cyber crimes, and thus, it needs evidence that are mostly cyber in nature as well. Therefore, in many countries, it has given the court power to subpoena or check on online records and use them as evidence in order to help settle cases unlike before when technology is not as widely used as today.