US Treasury to hire crypto policy officers to combat industry crimes

FinCEN posted vacancies for two high-profile crypto positions in a bid to get expert professional advice on the crypto industry.

The United States Department of the Treasury is looking for expert advice on cryptocurrencies to tackle legal challenges associated with the industry.

The U.S. Treasury’s bureau, Financial Crimes Enforcement Network, or FinCEN, has posted two job applications for crypto policy officers. The agency is seeking professional expertise on crimes related to digital assets.

Posted on Dec. 12, the two full-time and permanent positions target experts specializing in crypto-related finance threats and risk in order to “assist in the development of policy responses to these challenges.” FinCEN expects that new policy officers will provide insights on a wide array of areas like digital identity, regulatory and financial technology.

The authority said that GS-14 and GS-13 positions require at least one year of specialized experience at a related level of difficulty, in accordance with grade levels in the Federal service. FinCEN specified that salary for both positions ranges from $102,663 to $157,709 per year.

FinCEN emphasized that it expects new experts to perform “extremely complex and sensitive assignments” related to crypto, including the issuance of advisories and other guidance to financial institutions.

FinCEN’s latest move apparently demonstrates that the authority is somewhat receptive to the industry’s feedback on the rumored ban of the so-called “self-hosted” crypto wallets by the U.S. Treasury.

As reported in early December, the rumored blockade envisions rules to ban or severely restrict “self-hosted” cryptocurrency wallets — a somewhat ambiguous categorization of self-custodied private key. On Dec. 9, several members of Congress representatives, including Warren Davidson and Tom Emmer, voiced their opposition to the allegedly upcoming ban, arguing the action would hinder American leadership and technological innovation.

Major industry figures like Circle CEO Jeremy Allaire subsequently joined the effort, stressing that such an initiative does not address actual risks in the crypto industry.
http://dlvr.it/RnwFqV

You might be interested in …

Bitcoin miner Blockcap closes $75M investment led by Off The Chain, Foundry Digital

Uncategorized

The Texas-based miner raised more than $38 million in two separate funding rounds. Blockcap, one of North America’s fastest-growing Bitcoin (BTC) mining companies, has secured sizable investments from some of crypto’s biggest names, setting the stage for significant expansion in the year ahead. Off The Chain Capital and Foundry Digital, a subsidiary of Digital Currency […]

Read More

Amid inflation woes, Turkey announces CBDC tests planned for 2021

Uncategorized

While the announcement came as a surprise to some, a digital Lira has been in the works since 2019 As the country struggles with soaring consumer prices and an inflation rate in the double digits, in an announcement to members of Turkey’s Parliament central bank governor Naci Agbal revealed that “conceptual” research had been completed […]

Read More

ETH smashes records, Bitcoin’s brilliant quarter, PayPal’s big move: Hodler’s Digest, March 28–April 3

Uncategorized

Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more a week on Cointelegraph in one link. Top Stories This Week ETH breaks record all-time high amid fresh price surge Ether? Record […]

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *

css.php