The United States Treasury’s Financial Crimes Enforcement Network (FinCEN) is upping its focus on cryptocurrency.
Michele Korver, who previously worked for the Department of Justice, will be FinCEN’s first Chief Digital Currency Advisor, the government agency said today in a statement.
Korver will work to prevent “illicit financial practices and exploitation,” according to FinCEN, which has proposed new rules that would allow closer monitoring of cryptocurrency transfers.
“Michele brings a wealth of digital currency expertise, and will be a tremendous leader in coordinated efforts to maximize FinCEN’s contribution to the innovative potential for financial expansion of opportunity while minimizing illicit finance risk,” FinCEN’s acting director Michael Mosier said.
Korver was previously the digital currency counsel in the DoJ’s money laundering and asset recovery section. There, she worked on prosecutions and forfeitures involving cryptocurrency.
Korver started her
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