US DOJ - Channels TV

The US DoJ to focus on Limiting Crypto Crimes

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The US DoJ to focus on Limiting Crypto Crimes:

The Department of Justice (DOJ) of the United States has created a unit consisting of over 150 federal prosecutors aimed in combating cryptocurrency-related criminal activities.

US DOJ - Channels TV
US DOJ – Channels TV

In addition, the government also plans to introduce a set of regulatory frameworks to aid the development of the local digital asset sector.

In the beginning of the year, DOJ enacted another division, called “National Cryptocurrency Enforcement Team” and appointed cybersecurity prosecutor – Eun Young Choi – as the head.

In a current interview for The Wall Street Journal, the DOJ revealed its determination in limiting the usage of cryptocurrencies for fraudulent activities such as money laundering and terrorism financing.

Sequel to the above, it formed a unit of federal prosecutors named “The Digital Asset Coordinators Network.”

These specialists are expected to utilize their expertise in identifying and preventing such illegal activities.

Eun Young Choi – the first Director of the previously established “National Cryptocurrency Enforcement Team” – stressed that digital assets have become so popular among the wrong hands and, thus, focusing on the matter is of great importance.

“Digital-asset crimes are truly multidisciplinary. They are cross-border, complex, and challenging investigations, and they require a certain level of competency,” she added.

Aside hunting down crypto scammers and bringing them to justice, the newly-introduced division will also educate other government officials on arising problems in the sector, such as taxation and environmental issues.

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