FinCEN adviser: cryptocurrencies are another means of payment

August 2, 2021

FinCEN adviser cryptocurrenciesd

Digital assets are another means of payment or a way of transferring value that evolves over time, just like any financial technology. FinCEN advisor on digital asset-related policy development Michelle Korver said this in an interview with Law360.

"Financial technology evolves over time and innovation in payments and value transfer will continue. The use of the financial ecosystem for criminal purposes will also always exist," she said.

Korver added that she thinks the new technologies are "cool and interesting". The increased scrutiny of cryptocurrencies by US regulators was attributed by FinCEN's advisor to an increase in encryption virus attacks.

Recall that in July 2021, FinCEN created the position of Digital Asset Policy Advisor and invited Korver to work with "internal and external partners".

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About the author

Hi there, my name is Zalman Weinberg. I'm enthusiast with over 7 years of experience in cryptocurrencies and blockchain. Professional Trader providing Blockchain solutions to Startups and Enterprises. Expert in all cryptocurrency exchange APIs (BitMEX, Bittrex, Binance, Bitfinex, Kraken, Poloniex, Gdax etc.). I have also worked with multiple Forex broker APIs.

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