Quote from: Ranly123 on November 27, 2018, 11:10:59 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?

I am an expert on this kind of issue but if I base on what I have understood, our virtual wallets does not directly connected to our personal datas. So in my own opinion, it is really hard or impossible for the authority to confiscate what is never yours.

Well, it is clearly been stated what the OP has been found out and this is why government still investigating with this kind of issue. As we currently experiencing this what they called "KYC" procedure which I think a tracking options that probably been one of the factor that the government has been made of.