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National crypto enforcement team launched by US Justice Department

The Attorney General has said the United States government is going to take a more active role to enforce action against actors using crypto currencies for money laundering and other cybercrimes.

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The Attorney General has said the United States government is going to take a more active role to enforce action against actors using crypto currencies for money laundering and other cybercrimes.

The Deputy Attorney General Lisa Monaco said the Justice Department had launched the National Crypto currency Enforcement Team as an protocol aimed at going after platforms that help criminals launder or hide their criminal proceeds. Her office is working against Darknet-based Bitcoin mixing service Helix and said that the government should be doing more.

She added:

“Crypto currency exchanges want to be the banks of the future. We need to make sure that folks can have confidence when they’re using these systems, and we need to make sure we’re poised to root out abuse that can take hold on them.”

Lisa Monaco has often been a vital figure in the U.S. government’s response to major ransomware and cyberattacks involving crypto currency payments.

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