The USA starts the national team to enforce cryptocurrencies to pursue criminal abuse of cryptocurrencies - regulation
The USA starts the national team to enforce cryptocurrencies to pursue criminal abuse of cryptocurrencies - regulation
The United States has launched the National Cryptocurrency Enforcement Team, an initiative of the Ministry of Justice (DOJ), to combat and pursue "criminal abuse of cryptocurrencies, especially crimes due to virtual currency exchanges, mixed and tumbling services and money laundering". The representative of the USA, Lisa Monaco, said: "It's about protecting consumers."
The new Crypto Enforcement Initiative of the DOJ
This was terminated by the deputy US general Prosecutor Lisa Monaco to The creation of a National Cryptocurrency Enforcement Team (NCET) during a virtual speech at Aspen Cyber Summit on Wednesday.
goal of the initiative is " to tackle complex investigations and criminal persecution of criminal misuse of cryptocurrencies, in particular crimes that are committed through virtual currency survival, mixed and dumpling services and actors in money laundering infrastructure", the Ministry of Justice then stated. "The team will also help with the tracking and restoration of assets lost due to fraud and extortion, including cryptocurrency payments to ransomware groups."
Monaco was cited with the words:
We start the National Cryptocurrency Enforcement Team today. We will not hesitate to pursue money laundering platforms and use cyber experts and prosecutors as well as money laundering experts.
The goal of the National Cryptocurrency Enforcement Initiative is to "strengthen" the ability of the Ministry of Justice (DOJ) to deactivate financial markets that enable cybercriminals to "bloom". The team will belong to experts in money laundering control and cyber security.
Monaco said:
cryptocurrency exchanges. Well, we have to make sure that people have trust when they use these systems and we have to be willing to emerge abuse. It's about protecting consumers.
The deputy attorney general also announced another initiative of the doj on Wednesday. The new civil cyber fraud initiative will "use civilian enforcement instruments to pursue companies that are state contractors who receive federal funds if they do not comply with the recommended cyber security standards," she said. "Companies have decided to silence too long because they mistakenly believed that it was less risky to hide a violation than to present and report. That changes today."
Last week President Joe Biden that the United States brought together 30 countries this month, for cybercrimality fight, including the "illegal use of cryptocurrencies".
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