In our Expert Takes, opinion leaders from inside and outside the crypto industry express their views, share their experience and give professional advice. Expert Takes cover everything from Blockchain technology and ICO funding to taxation, regulation and cryptocurrency adoption by different sectors of the economy.
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The indictment of twelve Russian intelligence officials[2] may be the most vivid illustration yet of how cryptocurrencies have been used for criminal purposes to “Attack America in new and unexpected ways.” But “Criminals who think that they are safe on the Darknet are wrong. We can expose their networks, and we are determined to bring them to justice[3]” explained U.S. Deputy Attorney General and the Chair of the Task Force on Market Integrity and Consumer Fraud, Rod J. Rosenstein:
“Emerging [virtual] currencies have the potential to transform the world, and to do so in a positive way. But criminals are also increasingly using virtual currency to perpetrate fraud schemes and conceal the proceeds. . . . The basic point is that fraud in the digital age knows no boundaries[4].”
Ever since taking the helm as the U.S. Department of Justice’s first Digital Currency Counsel in September of 2017, Michele R. Korver has been fielding questions regarding cryptocurrencies from U.S. Attorney’s Offices nationwide , developing policy on cryptocurrency prosecutions and forfeiture procedures, and coordinating cryptocurrency related multi-jurisdictional—international, national and state—money laundering investigations.
These money laundering cases go hand-in-hand with prosecutions involving the sale of controlled substances, as cryptocurrencies are believed to be the most oft-used means of payment around the world for illegal
