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 …

Algorithmic asset experiments continue to entice traders & developers

Uncategorized

On the frontiers of algorithmic assets, trading isn’t the only activity that will raise your heartrate As the team behind Morph.Finance can attest, developing an algorithmic stablecoin project can be every bit as frustrating and thrilling as investing in one.  While algorithmic assets have retreated from mid-December marketcap highs, the space has nonetheless continued to […]

Read More

Aragon merges with Vocdoni to improve governance for DAOs

Uncategorized

The Aragon decentralized autonomous organization is merging with a blockchain voting protocol. Aragon, a platform specializing in managing decentralized autonomous organizations, announced a merger with the Vocdoni protocol, a blockchain voting and governance solution provider. Unlike the Yearn.finance mergers, this acquisition has a much more traditional nature. Aragon has acquired Dvote Labs OU, the company […]

Read More

CFTC’s New Rules Cause Coinbase to Stop Offering Crypto Margin Trading

Uncategorized

Cryptocurrency exchange Coinbase is disabling its margin trading product in order to comply with the new rules set by the Commodity Futures Trading Commission (CFTC). CFTC’s Rules Affecting Margin Trading Offerings Coinbase’s chief legal officer, Paul Grewal, explained in a blog post on Tuesday: In response to new guidance from the Commodity Futures Trading Commission, […]

Read More

Leave a Reply

Your email address will not be published.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

css.php