US Department of Justice Hires New Director of Digital Currency Enforcement

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The US Department of Justice is preparing to hire a new director for its digital currency enforcement unit, as part of its efforts to prevent the use of digital currency and digital assets for criminal purposes.

The National Cryptocurrency Enforcement Team was created with the specific mission of enforcing digital currency laws, with a Director seeking to lead “a team of experienced prosecutors investigating and prosecuting cryptocurrency cases. as part of a nationwide enforcement effort to combat the use of cryptocurrency as an illicit tool.

The position is currently announcement on the federal government’s job site, USAJobs, offering a salary of $ 144,128 to $ 172,500 depending on experience. The successful candidate will be expected to liaise with the United States attorney’s offices and other enforcement agencies at the federal, state, and local levels to effectively enforce digital currency law.

The new director will also have to work alongside the Financial Crimes Enforcement Network (FinCEN), the United States Securities and Exchange Commission (SEC) and other similar agencies to shape Bitcoin regulation in the country.

Announced by U.S. Deputy Attorney General Lisa Monaco, the new team includes anti-money laundering and cybersecurity experts who will be responsible for enforcing AML and other laws regarding digital currency transactions. . The team will also need to identify instances of fraudulent activity and other illegal activity in and around the digital asset space.

It comes amid a wider crackdown in the United States and beyond the illegal uses of digital currency and digital assets, as regulators around the world seek to step up pressure on criminals, con artists. and fraudsters relying on digital currency to hide illegal activity as covered in CoinGeek’s Crypto Crime Cartel series.

According to the DOJ job listing, the successful candidate will lead a team “focused on supporting, investigating and prosecuting crimes involving cryptocurrency and leading the ministry’s efforts to reduce the use of cryptocurrency. money as a criminal tool “.

Watch: CoinGeek New York Panel, Investigation of Blockchain Criminal Activity

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