The U.S. has launched the National Cryptocurrency Enforcement Team, an initiative of the Department of Justice (DOJ), to tackle and prosecute “criminal misuses of cryptocurrency, particularly crimes committed by virtual currency exchanges, mixing and tumbling services, and money laundering.” U.S. Deputy Attorney General Lisa Monaco said, “The point is to protect consumers.”

DOJ’s New Crypto Enforcement Initiative

U.S. Deputy Attorney General Lisa Monaco announced the creation of a National Cryptocurrency Enforcement Team (NCET) during a virtual speech at the Aspen Cyber Summit Wednesday.

The aim of the initiative is “to tackle complex investigations and prosecutions of criminal misuses of cryptocurrency, particularly crimes committed by virtual currency exchanges, mixing and tumbling services, and money laundering infrastructure actors,” the Department of Justice subsequently detailed. “The team will also assist in tracing and recovery of assets lost to fraud and extortion, including cryptocurrency payments…

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Source: https://news.bitcoin.com/us-launches-national-cryptocurrency-enforcement-team-prosecute-criminal-misuses-of-cryptocurrency/