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?
Well, is all depend on the country where you reside because there are countries that monitor any crypto related transactions both on the dark web and on exchanges but if you make use to decentralized exchanges site there is possibilities for the law enforcement not to seize or know if you hold any kind of virtual currency if you keep your wallet very well. Mind you, it is better to be clean and not get problem with the law.