IRS is making massive moves to prevent cybercrime these days. IRS is now sending crypto experts worldwide. Check out the latest reports about this below.
IRS fights cybercrime
The US Internal Revenue Service (IRS) launches a pilot program to combat crypto-related cybercrime worldwide.
According to the IRS, the federal agency is sending four attachés with extensive cybercrime investigative experience to four continents – Asia, Europe, South America, and Australia – to work with their law enforcement counterparts there.
Jim Lee, head of IRS Criminal Investigation (IRS-CI), said the following:
“In order to effectively combat cybercrime, we need to ensure that our foreign counterparts have access to the same tools and expertise we have here in the United States.”
He continued and said this:
“This summer, four of our most-skilled special agents will deploy to strategic locations on four continents to ensure that we can continue to build relationships and effectively combat cybercrime on a global scale.”
As the online publication the Daily Hodl notes, “The four individuals are being deployed to Sydney, Australia; Bogota, Colombia; Frankfurt, Germany; and Singapore, according to the IRS. They will remain there for a 120-day stint, beginning in June and concluding in September 2023.”
In other news, EU’s new AML provisions are not exactly great.
EU’s new AML provisions are not too cool
The EU’s new anti-money laundering regulation risks upending their current lead in crypto rulemaking, according to a recent article posted by the online pubcalition Blockworks.
“The lead — largely due to the recently passed Markets in Crypto Asset (MiCA) legislation — generally takes the right path by focusing on crypto asset issuers and intermediaries,” the notes reveal.
More than that, it’s also important to mention the fact that it smartly exercises “restraint with regard to regulating new DeFi protocols, pseudo-entities such as DAOs, and other novel features of the peer-to-peer crypto network space.”