FinCEN has hired Michele Korver, a former US Department of Justice staffer, as its first crypto advisor.
Korver is no stranger to cryptocurrencies, as her prior employment required her to combat money laundering through the use of digital currencies.
FinCEN wants Korver to help boost the agency’s position in the “crypto arena” by developing new strategic ways for stopping illegal digital currency transactions in partnership with partners. Michael Mozier, a representative of FinCEN management, stated that they highly respect Korver’s experience in developing a code of judicatures on digital currency in the United States.
The administration said in early July that it would rigorously oversee cryptocurrencies, allocating a separate “sector” for this purpose. In addition, it will become a primary priority for FinCEN in the battle against terrorist financing and money laundering.
FinCEN’s leadership has displayed a long-standing interest in crypto experts. For example, Mozier, the director of FinCEN, previously worked as the CTO of the Chainalysis analytic team.