• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

FinCEN appoints very first cryptocurrency advisor

190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

[ad_1]

Ms Michele Korver, former Department of Justice, has been appointed as the very first chief crypto advisor of FinCEN.

Related articles

Hong Kong cryptocurrency exchange Hounax scammed users out of $15.4 million

Hong Kong cryptocurrency exchange Hounax scammed consumers out of $15.four million

November 27, 2023
The son of the president of the European Central Bank "lost 60%" on cryptocurrency investments

The son of the president of the European Central Bank “lost 60%” on cryptocurrency investments

November 24, 2023
FinCEN appoints first cryptocurrency advisor
FinCEN appoints very first cryptocurrency advisor

The US Treasury’s Financial Crimes Enforcement Network (FinCEN) is rising its concentrate on cryptocurrencies. Michele Korver, who previously worked for the Justice Department, will be FinCEN’s very first Chief Digital Currency Adviser, the government company mentioned in a statement now.

Ms. Korver will do the job to reduce “illegal mining and financial practices,” in accordance to FinCEN, which has proposed new principles that would enable for higher management of cryptocurrency transfers. . This was stated by the CEO of FinCEN, Michael Mosier.

“Michele has extensive experience in digital currency and will be an outstanding leader in concerted efforts to maximize FinCEN’s contribution to its innovation potential to expand financial opportunities while reducing illicit financial risks.”

Ms. Korver was previously a digital currency advisor in the Money Laundering and Asset Recovery Division of the Justice Department. There, he worked on prosecutions and confiscations linked to cryptocurrencies.

Korver started his profession as a particular agent with the United States Secret Service. He also invested above ten many years as a U.S. Assistant Attorney at the U.S. Attorney’s Office in Denver, Colorado, exactly where he worked as a National Security and Cybercrime Attorney investigating and prosecuting revenue laundering and fraud .

While Korver will be the very first Chief Digital Currency Advisor, she will not be the very first in the company to consider a stance on cryptocurrencies. Director Mosier, former blockchain monitoring company Chainalysis, at first joined the company in February 2020 as FinCEN’s very first Deputy Director and Chief Digital Innovation Officer. Its mission is “to lead FinCEN’s engagement with emerging technology and financial innovation”.

Driven and revolutionary, FinCEN has performed this.

More not too long ago FinCEN proposed a rule requiring cryptocurrency exchanges to carry out KYC checks on users’ wallets. The rule is undergoing more critique, which could involve exposing a user’s whole transaction historical past, warns the Electronic Frontier Foundation about digital privacy.

However, Korver’s appointment will support FinCEN’s efforts to reduce cryptocurrency-linked crimes. Since 2009, the company has raised $ 183 million in cryptocurrency enforcement action fines.

Synthetic currency 68

Maybe you are interested:

Join the chat group Coinlive Chats Now let us examine the sizzling subjects of the DeFi industry with the Coinlive administrators !!!

.

[ad_2]

Tags: advisorappointsCryptocurrencyFinCENGeneral News
Share76Tweet48

Related Posts

Trump’s Ceasefire Call Boosts Crypto Markets

by shark
June 25, 2025
0

Donald Trump's ceasefire announcement spikes Bitcoin and Ethereum prices amid Middle East tensions.

XRP Leads Crypto Rally Amid Sentiment Shift

by shark
June 25, 2025
0

Ripple Labs sees XRP rally due to regulatory clarity, ETF optimism, and geopolitical ceasefire.

Circle’s Valuation Surges to $66B, Stock Up 800%

by shark
June 25, 2025
0

Circle's valuation hike underscores stablecoins' critical role in financial technology, impacting liquidity and regulatory focus. It also highlights market confidence...

Ark Invest Sells $110M in Circle Shares

by shark
June 25, 2025
0

Ark Invest sells $110 million in Circle shares as valuations soar, reallocating to Robinhood and Coinbase. Circle IPO fuels mainstream...

SEI Price Surges 41% Amid Market Rally

by shark
June 25, 2025
0

SEI Network sees a 41% increase as broader crypto markets rise, driven by technical factors.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Trump’s Ceasefire Call Boosts Crypto Markets
  • XRP Leads Crypto Rally Amid Sentiment Shift
  • BlockDAG’s 100M Airdrop Live While Worldcoin & DOGE Lose Steam
  • Circle’s Valuation Surges to $66B, Stock Up 800%
  • Ark Invest Sells $110M in Circle Shares
  • SEI Price Surges 41% Amid Market Rally
  • Unstaked’s $1 Million Giveaway Shines as XRP Wavers and SKY Climbs
  • BCH and HBAR Stall at Key Levels While Web3 ai Presale Surges Past $8.5M
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7