Justice Department Appoints First Director of National Cryptocurrency Enforcement Team

The U.S. Department of Justice (DoJ) earlier this week appointed Eun Young Choi to serve as the first Director of the National Cryptocurrency Enforcement Team (NCET) it established last year.

The NCET was created to tackle the criminal misuse of cryptocurrencies and digital assets,” with a focus on illegal activities in virtual currency exchanges, mixing and tumbling services, and money laundering infrastructure actors to fuel cyberattacks and ransomware and extortion schemes.

“The NCET will serve as the focal point for the department’s efforts to tackle the growth of crime involving [digital assets and distributed ledger] technologies,” said Assistant Attorney General Kenneth A. Polite Jr. of the Justice Department’s Criminal Division.

Separately, the Federal Bureau of Investigation (FBI) said it’s launching a new effort of its own called the Virtual Asset Exploitation Unit (VAXU) dedicated  Read more: https://bit.ly/35fPAHG

Leave a Reply

Your email address will not be published. Required fields are marked *