The U.S. Department of Justice (DOJ) is creating a new team to go after criminal activity within the digital asset space.
The National Cryptocurrency Enforcement Team (NCET) will operate under the department’s Criminal Division to prosecute illegal activity and attempt to recover illicit proceeds.
The new DOJ press release says,
According to Assistant Attorney General Kenneth A. Polite Jr.,
The NCET plans to build relationships with law enforcement agencies at federal, state, and local levels as well as seek out partnerships with private sector entities well-versed in cryptocurrencies.
The announcement comes on the heels of a broader international push to crack down on cybercrime which has cheated consumers out of billions of dollars annually.