The FBI is forming a new team focused on cryptocurrency, The Hill reported.

The new team will work closely with the National Cryptocurrency Enforcement Team, the US Department of Justice informed.

Prosecutor Eun Young Choi, who has a background in cyber-related crimes, will serve as the National Cryptocurrency Enforcement Team’s first director.

“The department has been at the forefront of investigating and prosecuting crimes involving digital currencies since their inception,” Choi said in a statement. “The NCET will play a pivotal role in ensuring that as the technology surrounding digital assets grows and evolves, the department in turn accelerates and expands its efforts to combat their illicit abuse by criminals of all kinds. I am excited to lead the NCET’s incredible and talented team of attorneys, and to get to work on this important priority for the department," she added.

The cryptocurrency enforcement team will focus on issues related to criminal misuse of cryptocurrencies and digital assets. The team will also include lawyers from across the department, including prosecutors with experience in cryptocurrency, cybercrime, money laundering and confiscation.

The team will work in collaboration with others in the department, including the FBI's new cryptocurrency team.

The FBI's new Virtual Asset Exploitation Unit will consist of cryptocurrency experts who will help provide analysis, support and training to the FBI. According to the department, the team will also innovate its cryptocurrency tools to stay ahead of future threats.