WASHINGTON—FinCEN has created a new position to monitor digital currency.
The agency announced that Michele Korver, formerly with the U.S. Department of Justice, will serve as FinCEN’s first-ever chief digital currency advisor.
“Michele brings a wealth of digital currency expertise and will be a tremendous leader in coordinated efforts to maximize FinCEN’s contribution to the innovative potential for financial expansion of opportunity while minimizing illicit finance risk,” stated said FinCEN Acting Director Michael Mosier.
FinCEN said Korver will advance FinCEN’s “leadership role in the digital currency space by working across internal and external partners toward strategic and innovative solutions to prevent and mitigate illicit financial practices and exploitation.”
Korver most recently served as digital currency counsel for the United States Department of Justice’s Criminal Division.