Breaking news: US financial regulator FinCEN hires its first-ever chief digital currency advisor

Jul 6, 2021 | CoinTelegraph News | 0 comments


The Financial Crimes Enforcement Network is looking to broaden its enforcement measures in the cryptocurrency sector with its latest hire.

The Financial Crimes Enforcement Network, or FinCEN, has recruited Michele Korver, formerly of the United States Department of Justice, to serve as the agency’s first chief digital currency advisor.

In her role, Korver will be tasked with advancing “FinCEN’s 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,” the agency announced Friday.

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

Michael Mosier, FinCEN’s Acting Director, commented on Korver’s vast experience in crafting digital currency legislation:

“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.”

This story is in development.

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