Former DOJ Crypto Advisor Joins FinCEN in Newly Created Crypto Position

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The Financial Crimes Enforcement Network (FinCEN) has created an advisory post for digital currency policy. The agency has appointed Michele Korver as senior digital currency advisor to the director of FinCEN, according to a statement released today.

Korver has served as a crypto advisor to several branches of government, as a digital currency advisor for the United States Department of Justice’s criminal division, an advisor to the Financial Stability Oversight Board of the U.S. Department of the Treasury, and a member of the US delegation to the Financial Action Task Force (FATF).

At DOJ, Korver has developed a policy on crypto confiscation proceedings in court proceedings. She also coordinated money laundering investigations, playing a key role in the first nationwide operation targeting a darknet cryptocurrency network and bringing the first crypto money laundering case to the Central District of California.

At FinCEN, she will work “with internal and external partners towards strategic and innovative solutions to prevent and mitigate illicit financial practices and exploitation”, related to digital currency.

Before installing its own crypto czar, the agency was already seeking industry help with cybersecurity and privacy barriers. At the end of May, he called on companies dealing with zero-knowledge proofs to join his Innovation Hours program in September.

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