Crypto Enforcement Team Formed by US Department of Justice

[mlawson71]

The US Department of Justice has formed a formal anti-cryptocurrency crime group that they named the National Cryptocurrency Enforcement Team (NCET). This group will be responsible for cryptocurrency crime investigations, together with various money laundering operations connected to digital currency exchanges. NCET will be chaired by General Kenneth A. Polite Jr, the US Assistant Attorney.
This newly established team will be a joint effort between the Department of Justice Criminal Division’s Money Laundering and Asset Recovery Section (MLARS).
NCET will apparently be providing the needed support when tracing and recovering cryptos which have been lost to scammers. According to the DOJ, they will also be recuperating funds paid to ransomware communities.
Source
With cryptocurrency popularity rising more than ever before, such a group was probably necessary.

[Bliznec]

A very interesting approach from the US government. I think this will have a good effect on the cryptocurrency industry, since the cheaters will be caught sooner or later. Many wondered about this, how can they not be deceived.