2 years ago
The Federal Bureau of Investigation (FBI) has launched a caller portion to tackle crypto exploitation. The caller squad volition enactment with the National Cryptocurrency Enforcement Team of the Department of Justice (DOJ) to combat “the transgression misuse of cryptocurrencies.”
FBI Establishes New Crypto Unit; DOJ Appoints First Director for National Cryptocurrency Enforcement Team
The Federal Bureau of Investigation (FBI) has launched a caller crypto unit. According to an announcement by the U.S. Department of Justice (DOJ):
The FBI’s caller Virtual Asset Exploitation Unit [is] a specialized squad of cryptocurrency experts dedicated to providing analysis, support, and grooming crossed the FBI, arsenic good arsenic innovating its cryptocurrency tools to enactment up of aboriginal threats.
In addition, the Justice Department announced Thursday the assignment of Eun Young Choi to service arsenic the archetypal manager of its National Cryptocurrency Enforcement Team (NCET). Choi “is an accomplished person connected cyber and cryptocurrency issues,” the DOJ details.
Director Choi explained that the section volition accelerate and grow its efforts “to combat their illicit maltreatment by criminals of each kinds.”
Assistant Attorney General Kenneth A. Polite Jr. of the Criminal Division astatine the DOJ commented: “With the accelerated innovation of integer assets and distributed ledger technologies, we person seen a emergence successful their illicit usage by criminals who exploit them to substance cyberattacks and ransomware and extortion schemes.”
Noting that the NCET was established to tackle “the transgression misuse of cryptocurrencies and integer assets,” the DOJ detailed:
The NCET volition identify, investigate, enactment and prosecute the department’s cases involving the transgression usage of integer assets.
The squad volition absorption connected “virtual currency exchanges, mixing and tumbling services, infrastructure providers, and different entities that are enabling the misuse of cryptocurrency and related technologies to perpetrate oregon facilitate transgression activity,” the Justice Department noted.
What bash you deliberation astir the U.S. government’s efforts to tackle the challenges posed by crypto? Let america cognize successful the comments conception below.
Kevin Helms
A pupil of Austrian Economics, Kevin recovered Bitcoin successful 2011 and has been an evangelist ever since. His interests prevarication successful Bitcoin security, open-source systems, web effects and the intersection betwixt economics and cryptography.
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