FinCEN hires digital-asset policy adviser

The Financial Crimes Enforcement Network (FinCEN) within the U.S. Treasury has created the position of advisor to develop policy related to digital assets, according to the agency’s website.

The post has been filled by Michelle Corver, who previously served as a digital currencies advisor in the U.S. Department of Justice’s Criminal Division, as well as on the Financial Stability Oversight Council and as part of the U.S. delegation to the Financial Action Task Force (FATF).

While at the DOJ, Corver developed guidelines governing procedures for the seizure of cryptocurrency in litigation. She also coordinated money-laundering investigations.

At FinCEN, Michelle Corver will work “with internal and external partners on strategic and innovative solutions to prevent and mitigate the effects of illicit financial practices” related to digital assets.

Back in late last year FinCEN proposed rules that tightened identification requirements and required exchanges to maintain information about customers transferring digital assets valued at more than $3,000.

In January 2021, U.S. President Joe Biden suspended the implementation of some of his predecessor Donald Trump’s orders. This affected, among other things, the proposal for verifying users of non-custodial wallets.

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