FBI to Form Cryptocurrency Unit, Focusing on Seizure of Virtual Assets: DOJ

Law enforcement officers walk out of the J. Edgar Hoover FBI Building in Washington on Jan. 28, 2019. Mark Wilson/Getty Images

The FBI is forming a new team dedicated to cryptocurrency, confirmed the Department of Justice on Thursday.

Eun Young Choi, a prosecutor with a background in cybercrimes, will be tapped as the National Cryptocurrency Enforcement Team’s (NCET) first director, the agency said.