US agency FinCEN seeks experts to fight crypto-crime

US agency FinCEN seeks experts to fight crypto-crime

FinCEN is looking to hire two experts to develop a strategy to combat crypto-crime.

The US Treasury Department is looking to bring in cryptocurrency subject matter experts to better address the challenges of regulating the asset class.

The Financial Crimes Enforcement Network (FinCEN), i.e. the department for combating financial crime, has accordingly published two Bitcoin System job advertisements looking for experts in cryptocurrencies. Above all, they should have expertise in the field of crypto-crime.

The job advertisements from 12 December advertise two full-time positions for experts who are familiar with financial crime through cryptocurrencies. They are to bring this expertise to „assist in the development of strategic countermeasures“. If possible, the new officers should be able to provide input on several specific topics.

As the law enforcement agency states, GS-14 and GS-13 officer positions require at least one year of similar-level experience serving in a federal agency. According to FinCEN, the expected salary ranges from $102,663 to $157,709 per year.

Ministry of Finance

FinCEN expects its new experts to be able to handle „extremely complex and sensitive assignments“ in the field of crypto-crime, including, for example, advisory work for financial institutions.

With the job advertisements, the authority shows that it is definitely open to feedback from the crypto industry, after the Ministry of Finance, which is superior to it, recently came under criticism because of a draft law that seeks to possibly „ban“ crypto wallets.

As reported in early December, the planned bill would introduce new regulatory rules for dealing with „self-managed“ wallets. On 9 December, several members of the US parliament had subsequently spoken out against such a ban, as they see it as a danger to innovation.

Important heads of the crypto industry, such as Circle CEO Jeremy Allaire, have joined this opposition, as they see the planned law as not very effective.

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