US DOJ To Bolster Newly Created “National Cryptocurrency Enforcement Unit”

Table of Contents

• Leading A Team Of Experienced Prosecutors 
• Qualifications Required 
• List Of Duties 
• FinCEN’s First-Ever Chief Digital Currency Advisor 

The US Department of Justice has published a new job advertisement, as they look to hire a director for their newly created National Cryptocurrency Enforcement Unit or NCET. 

According to the post published in USA Jobs, NCET’s outlook would be to support, investigate and prosecute any criminal activities involving cryptocurrencies. This would help to reduce the use of cryptocurrencies as an avenue for illicit criminal activities. 

Leading A Team Of Experienced Prosecutors 

The new director of the NCET would lead a team of highly experienced prosecutors that would investigate and prosecute cases where cryptocurrencies are being used illegally or being used to facilitate illegal activities. 

The effort would be part of a larger nationwide enforcement effort that would put rules and regulations to combat the illegal use of cryptocurrencies. 

Qualifications Required 

The new director would need to meet certain predefined requirements such as being a citizen of the United States and also being available for domestic and international travel as and when required. The Department of Justice has also highlighted pre-requisite preferred qualifications. 

“Extensive knowledge pertaining to digital currencies and blockchain technology; Knowledge of white-collar and money laundering statutes.; At least five (5) years’ trial experience as a prosecutor or trial attorney handling criminal matters; Experience investigating criminal matters involving complex or sensitive law enforcement techniques.”

List Of Duties 

The advertisement also laid out the duties that the new director would have to fulfill. These would comprise liaising with different regulatory agencies such as the Financial Crimes Enforcement Network (FinCEN), the US Securities and Exchange Commission (SEC), the intelligence community, and the private company. 

The director would also be required to build a rapport with the private sector and individuals in the private sector who have considerable expertise regarding cryptocurrencies. The salary that the new director would draw would range between $144,128 to $172,500 per year. 

FinCEN’s First-Ever Chief Digital Currency Advisor 

FinCEN had announced in July that it had appointed the former Digital Currency Counsel at the Criminal Division of the US Department of Justice, Michele Korver, as its first Chief Digital Currency Advisor. 

Korver’s role will be to collaborate with both internal and external partners and develop solutions to prevent illegal activities in the digital currency ecosystem. 

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.