Recently, the US Financial Crimes Enforcement Network (FinCEN) has appointed a Chief Cryptocurrency Advisor. Michelle Korver called digital assets “the next means of payment.”
During an interview with Law360, Michele Korver, who became FinCEN’s first chief cryptocurrency advisor, stated that digital assets are “just another means of payment or value transfer that has evolved over time, just like other financial technologies.”
“Financial technology has evolved over time. Innovation in payments and value transfer will continue. And criminals will always use the financial system, especially the most recent innovations. Personally, I have been working in this area for a long time and I think these new technologies are cool and interesting, ”said FinCEN’s chief cryptocurrency advisor.
Korver noted that recently, American regulators have significantly increased their attention to cryptocurrencies. This is due, according to her, to the growth of ransomware attacks, whose operators demand a ransom in cryptocurrencies for decrypting files.
The problem attracted special attention after the hacking of the largest American operator of the fuel pipeline system Colonial Pipeline, which paid the hackers $ 5 million in cryptocurrencies. The pipeline shutdown has led to massive infrastructure disruptions and short-term spikes in gasoline prices in several states.
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