A new US task force has been formed, comprising five federal enforcement agencies that regularly work together to investigate cryptocurrency and darknet crimes, according to sources. announcement By the Department of Homeland Security.
Dubbed the “Darknet Markets and Digital Currency Crime Task Force,” the new interagency group will help criminal organizations in Arizona fight crimes such as drug trafficking, money laundering, personal data theft, and child exploitation. We plan to investigate whether they are using cryptocurrencies and the dark web for
The task force’s goal, according to the announcement, is to “strengthen coordination, strengthen resources, and disrupt and dismantle the criminal gangs that use these new technologies.”
Representatives from the Arizona Homeland Security Investigations (HSI), U.S. Attorney’s Office, Internal Revenue Service Criminal Investigation Service, Drug Enforcement Administration, and Postal Inspection Service met last week to sign a memorandum and create a task force.
The five agencies have been working together since 2017 and have worked together to bring justice in many high-profile drug trafficking cases.
Law Enforcement Collaborates on Cryptocurrency Crime
Back in March last year, US President Joe Biden signed Presidential Decree on Ensuring Responsible Development of Digital Assets. At the time, this was the first glimpse of what a regulated cryptocurrency would look like in the US.
However, the sect was criticized for its lack of originality and substance. One of the more specific pieces is directing federal agencies such as the Federal Trade Commission, SEC and CFTC to coordinate their efforts to oversee the industry.
The order also required various agencies to submit periodic reports on cryptocurrencies to Washington.
In September, the White House said,comprehensive frameworkreiterated the expected collaboration between the SEC and the CFTC, as well as the need for the Treasury Department to work with both domestic financial institutions and the United States’ international allies.
Most recently, in February, the FBI Been formed Virtual Asset Utilization Unit it works The Department of Justice National Crypto Enforcement Team was established in 2021 to focus on crypto-related crimes.