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Financial Crimes Enforcement Network (FinCEN), a bureau of the US Treasury department has appointed the first-ever chief cryptocurrency advisor in the form of Michele Korver. Korver has a distinguished career in the United States Department of Justice before joining FinCEN.
FinCEN’s acting director Michael Mosier said,
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.
Korver would be responsible for advancing FinCEN’s leadership role in the nascent cryptocurrency space. She would also work with internal and external partners to formulate strategic solutions for mitigating illicit practices in the unregulated digital currency space. The reason for her appointment as the first crypto chief advisor of top financial watchdog could be her years of experience as the US Treasury Department’s crypto counsel where she advised government attorneys and federal agents nationwide on digital currency matters.
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