{"id":292036,"date":"2021-07-06T17:34:34","date_gmt":"2021-07-06T14:34:34","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/breaking-us-financial-regulator-fincen-hires-its-first-ever-chief-digital-currency-advisor\/"},"modified":"2021-07-06T17:34:34","modified_gmt":"2021-07-06T14:34:34","slug":"breaking-us-financial-regulator-fincen-hires-its-first-ever-chief-digital-currency-advisor","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/breaking-us-financial-regulator-fincen-hires-its-first-ever-chief-digital-currency-advisor\/","title":{"rendered":"# BREAKING: US financial regulator FinCEN hires its first-ever chief digital currency advisor"},"content":{"rendered":"

“# BREAKING: US financial regulator FinCEN hires its first-ever chief digital currency advisor <\/strong>”
\n<\/p>\n

The Financial Crimes Enforcement Network, or FinCEN, has recruited Michele Korver, formerly of the United States Department of Justice, to serve as the agency\u2019s first chief digital currency advisor.<\/p>\n

In her role, Korver will be tasked with advancing “FinCEN\u2019s leadership role in the digital currency space by working across internal and external partners toward strategic and innovative solutions to prevent and mitigate illicit financial practices and exploitation,\u201d the agency announced<\/a> Friday. <\/p>\n

Crypto investors may be familiar with Korver, as she previously served as digital currency counsel for the Department of Justice\u2019s criminal division. She also advised the Treasury Department\u2019s Financial Stability Oversight Council and developed policies around cryptocurrency seizure and forfeiture.<\/p>\n

Korver also spent ten years as an assistant attorney in the United States’ Attorney’s Office, where she prosecuted cybercrime and national security offenses. As Cointelegraph reported, Korver has been involved in crypto-focused anti-money laundering operations with the Department of Homeland Security and private technology<\/a> companies since 2013.<\/p>\n

Michael Mosier, FinCEN\u2019s Acting Director, commented on Korver\u2019s vast experience in crafting digital currency legislation:<\/p>\n

\u201cMichele brings a wealth of digital currency expertise, and will be a tremendous leader in coordinated efforts to maximize FinCEN\u2019s contribution to the innovative potential for financial expansion of opportunity while minimizing illicit finance risk.\u201d<\/p><\/blockquote>\n

In addition to recruiting for digital currency advisor, FinCEN announced Friday that it has hired Jayna Desai, formerly of the U.S. Customers and Border Protection, as the agency’s first director of strategic communications.\u00a0<\/p>\n

FinCEN has singled out the cryptocurrency sector in its ongoing fight against money laundering. In early July, the agency announced that oversight of cryptocurrency transactions will be among its top national priorities for countering terrorism financing and anti-money laundering.\u00a0<\/p>\n

Related:\u00a0FinCEN lists cryptocurrencies as top AML and CFT priorities<\/strong><\/em><\/p>\n

FinCEN authoritieshave also taken aim at unhosted cryptocurrency wallets, which they claim could increase AML and CTF risks. Those concerns were shared by the Financial Action Task Force, the intergovernmental body responsible for setting AML standards.\u00a0<\/p>\n

The cryptocurrency sector remains a top priority for securities regulators as well. As Cointelegraph reported, the Securities and Exchange Commission, or SEC, recently charged a cryptocurrency issuer for “making materially false and misleading statements” in connection with an unregistered initial coin offering from the 2017-18 bull market.\u00a0<\/p>\n