FinCEN is looking for specialists in combating crimes in the cryptocurrency industry

FinCEN is looking for specialists in combating crimes in the cryptocurrency industry

The U.S. Financial Crimes Enforcement Network (FinCEN) is looking for digital asset experts to address legal challenges related to the cryptocurrency industry.

FinCEN has placed an ad for hiring employees to investigate crimes related to digital assets. According to the requirements of the agency, specialists will have to deal with the detection of risks to financial stability and the development of regulations that can prevent the identified problems. In addition, the scope of their tasks will include the preparation of recommendations and guidelines for financial institutions.

Applicants for positions should be fluent in various fields, including digital identification, law and finance. Candidates must have at least one year of experience in the relevant positions. FinCEN stressed that the experts will work with ” extremely complex and confidential tasks.” Selected professionals can expect to earn between $102,663 and $157,709 per year.

The FinCEN initiative may be related to the new regulation of non-custodial cryptocurrency wallets, which is being developed by the US Treasury Department. Cryptocurrency exchanges will be able to verify the owner of the recipient’s wallet and collect data about him before sending him funds. Last week, members of the US House of Representatives addressed Treasury Secretary Steven Mnuchin, expressing their disagreement about the upcoming regulation.

Lawmakers believe that such actions of the Ministry of Finance will prevent the United States from leading in the field of digital currencies and technological innovation. In addition, any user of non-custodial cryptocurrency wallets can unknowingly become a criminal.

Earlier, FinCEN director Kenneth Blanco called on American banks to strengthen their anti-money laundering (AML) systems to eliminate possible threats from cryptocurrencies.