What is the national cryptocurrency enforcement team?

“Today we are launching the National Cryptocurrency Enforcement Team to draw on the Department’s cyber and money laundering expertise to strengthen our capacity to dismantle the financial entities that enable criminal actors to flourish — and quite frankly to profit — from abusing cryptocurrency platforms” said Deputy Attorney General Monaco.

Is the Criminal Division poised to root out cryptocurrency abuse?

“As the technology advances, so too must the Department evolve with it so that we’re poised to root out abuse on these platforms and ensure user confidence in these systems.” “The Criminal Division is already an established leader in investigating and prosecuting the criminal misuse of cryptocurrency,” said Assistant Attorney General Polite.

Will crypto exchanges be the banks of the future?

The Department of Justice launched its own crypto enforcement team at the end of 2021, composed of anti-money laundering and cybercrime experts. At the time, Monaco said "cryptocurrency exchanges want to be the banks of the future.

What does a cryptocurrency prosecutor do?

Develop and maintain relationships with federal, state, local, and international law enforcement agencies that investigate and prosecute cryptocurrency cases. Train and advise federal prosecutors and law enforcement agencies in developing investigative and prosecutorial strategies.