Creation of the National Cryptocurrency Enforcement Team in the US: Positive Regulation of the Crypto World?


The regulation was coming. At the beginning of October 2021 (06 / Oct), the US Department of Justice (DOJ) announced the creation of the National Cryptocurrency Enforcement Team (NCET).


The panorama is complex to analyze at the beginning. Still, even anonymity allows evil people to use cryptocurrencies to move illicit money without being identified. It is also true that there have been cases of crypto projects that have been designed for money laundering activities or raising money illegally in general. It is there where the field of action of the new government team makes more sense.


However, regulation should never impose too heavy restrictions on legal users of cryptocurrencies. Furthermore, the government's focus appears to be more on control and enforcement than on cooperation at the moment. Something positive about the measure may be greater confidence from cryptocurrency users when using a more secure crypto ecosystem. Only time will tell.


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Author 2021-07-03