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, for me it depends on the government of a country if they banned or legal or have a regulation about using cryptocurrency, the court can not confiscate your cryptocurrency if they have no basis or any rules that can break because of using virtual currency. So if you know how to use cryptocurrency avoid using it in illegal activities because they might do an action to stop using it.