The U.S. Treasury’s bureau, Financial Crimes Enforcement Network, or FinCEN, is seeking crypto policy officers, according to the latest job postings. The agency is seeking professional expertise on crimes related to digital assets. The two full-time and permanent positions target experts specializing in crypto-related finance threats and risk to “assist in the development of policy responses to these challenges.” FinCEN expects that new crypto policy officers will provide insights on a wide array of areas like digital identity, regulatory and financial technology.
New hires will help fight against illegal activities related to crypto.
According to the posting, the GS-14 and GS-13 positions require at least one year of specialized experience at a related level of difficulty, in accordance with grade levels in the Federal service. FinCEN specified that wages for both positions range from $102,663 to $157,709 per year. The financial regulator emphasized that it expects new experts to perform “extremely complex and sensitive assignments” related to cryptocurrency, including the issuance of advisories and other guidance to financial institutions. FinCEN’s job posting indicates that the authority is somewhat receptive to the industry’s feedback on the rumored ban of the so-called “self-hosted” crypto wallets by the U.S. Treasury.
Crypto regulations remain in a grey area.
Though governments all over the world are actively trying to regulate the growing crypto industry, crypto-related regulations remain in a grey area. U.S. government has taken several measures to regulate the crypto industry in the country, including proposing taxes on cryptocurrency incomes. As reported earlier, the Internal Revenue Service has moved up the crypto-related question on the tax form to give it more importance. Some countries, like South Korea and Switzerland, have taken progressive steps to regulate the industry.