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The U.S. Department of Justice has announced that it will double the membership of the National Cryptocurrency Crime Enforcement Team (NCET) due to an increase in cases of illegal use of digital assets.
The MOJ created NCET in 2021. Officials were concerned about the rapid growth in the turnover of criminally obtained crypto assets, which, according to the ministry, are used by terrorists to move and launder funds.
Senior Justice Department official Nicole Argentieri said the NCET will merge with the Computer Crimes and Intellectual Property Investigation Unit (CCIPS). After joining CCIPS, the group will continue to investigate crimes involving crypto assets.
A merger with a larger structure would provide NCET with additional resources. The number of specialists in criminal cases related to cryptocurrencies will double. If necessary, NCET can involve lawyers from CCIPS, as well as obtain access from the department to information about crimes committed in the digital space.
The main task of the updated division will be the fight against ransomware used to steal crypto assets. According to Argentieri, ransomware poses a threat to both national and public security, as well as to the economic prosperity of the United States. Therefore, NCET will focus on tracking crypto payments made by criminals and then freezing their assets.
Last fall, the US Department of Justice created a separate Cryptocurrency Enforcement Group, which also assists law enforcement in investigating cryptocrimes.
The MOJ created NCET in 2021. Officials were concerned about the rapid growth in the turnover of criminally obtained crypto assets, which, according to the ministry, are used by terrorists to move and launder funds.
Senior Justice Department official Nicole Argentieri said the NCET will merge with the Computer Crimes and Intellectual Property Investigation Unit (CCIPS). After joining CCIPS, the group will continue to investigate crimes involving crypto assets.
A merger with a larger structure would provide NCET with additional resources. The number of specialists in criminal cases related to cryptocurrencies will double. If necessary, NCET can involve lawyers from CCIPS, as well as obtain access from the department to information about crimes committed in the digital space.
The main task of the updated division will be the fight against ransomware used to steal crypto assets. According to Argentieri, ransomware poses a threat to both national and public security, as well as to the economic prosperity of the United States. Therefore, NCET will focus on tracking crypto payments made by criminals and then freezing their assets.
Last fall, the US Department of Justice created a separate Cryptocurrency Enforcement Group, which also assists law enforcement in investigating cryptocrimes.
