Robert Besser
11 Oct 2021, 04:11 GMT+10
WASHINGTON D.C.: The United States Department of Justice has created a task force to prosecute illegal transactions involving cryptocurrency.
Called the National Cryptocurrency Enforcement Team (NCET), the group will function to thwart suspicious digital currency exchanges and prosecute those involved in money laundering.
"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 Lisa Monaco.
"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," Monaco added.
Prior to the formation of the task force, the Department of Justice Criminal Division has been responsible for combating crypto crimes.
"NCET will look to deter, disrupt, investigate, and prosecute criminal misuse of cryptocurrency, as well as to recover the illicit proceeds of those crimes whenever possible," according to a statement issued by the Department of Justice.
(Image credit: CryptoWallet.com).
Get a daily dose of Milwaukee Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Milwaukee Sun.
More InformationWASHINGTON, D.C.: The White House is pressuring nine major universities to sign onto President Donald Trump's political priorities...
LONDON, U.K.: Britain's Supreme Court ruled in April that under equality laws, sex refers to biological sex, meaning transgender women...
Tel Aviv [Israel], October 4 (ANI): Soon after Hamas signalled its willingness to accept United States President Donald Trump's Gaza...
AUSTIN, Texas: Tesla CEO Elon Musk this week became the first person in history to amass a net worth of US$500 billion, according to...
LOS ANGELES, California: Tributes poured in from world leaders, celebrities, and conservationists following the death of Jane Goodall,...
TOKYO Japan: Anti-immigrant sentiment, once considered marginal in Japan, is steadily moving into the political mainstream. Populist...
SALEM, Oregon: Taping your mouth shut at night may sound like a nightmare — but it's gaining traction on social media as a supposed...
(Photo credit: Steven Bisig-Imagn Images) Zach McKinstry's broken-bat RBI single with two outs in the top of the 11th inning broke...
(Photo credit: Kiyoshi Mio-Imagn Images) Nico Iamaleava accounted for five touchdowns as host UCLA stunned No. 7 Penn State 42-37...
(Photo credit: Milwaukee Journal Sentinel-Imagn Images) South Korea's Youmin Hwang birdied five of the last six holes, including...
(Photo credit: Mark Hoffman/Milwaukee Journal Sentinel / USA TODAY NETWORK via Imagn Images) MILWAUKEE -- Milwaukee Brewers outfielder...
(Photo credit: Mark Hoffman/Milwaukee Journal Sentinel / USA TODAY NETWORK via Imagn Images) MILWAUKEE -- Ace right-hander Freddy...
