The US Treasury seeks advice from cryptocurrency experts to address legal issues related to the industry.
The US Treasury Office, the Financial Crimes Enforcement Network or FinCEN have released two cryptocurrency job applications. The agency is looking for professional experts in digital asset crimes.
Written on December 12, both full-time and permanent positions are for experts who specialize in the threats and risks of cryptocurrency financing to “contribute to the development of policy responses to these challenges.” FinCEN expects new police officers to provide information on a wide range of topics such as digital identity, organizational technology and finance.
The agency said the GS-14 and GS-13 jobs require at least one year of professional experience of the appropriate level of complexity, depending on the levels of training in the Federal Service. FinCEN has determined that salaries for both positions range from $ 102,663 to $ 157,709 per year.
FinCEN confirmed that they expect the new experts to undertake “very complex and delicate tasks” related to cryptocurrencies, including the issuance of manuals and other guides for financial institutions.
FinCEN’s latest move seems to show that the authorities are somewhat reactive to industry comments about rumors that so-called “self-contained” crypto wallets will be banned by the US Treasury.
As reported in early December, there are rumors that the blockchain requires rules to ban or severely restrict self-managed cryptocurrency wallets – a somewhat controversial classification of the self-protected private key. On December 9, several members of Congress, including Warren Davidson and Tom Emir, voiced their opposition to the alleged looming ban, arguing that the measure would hinder U.S. leadership and technological innovation.
Industry leading figures such as Circle CEO Jeremy Aller later joined the effort, stating that such an initiative does not eliminate the real risks in the crypto industry.