The United States Department of Justice has formed a team of investigators to look into the use of cryptocurrency for criminal purposes.

The National Cryptocurrency Enforcement Team (NCET), will tackle cases committed by virtual currency exchanges and groups and individuals involved in money laundering. In addition, they'll work on tracing and recovering assets lost to fraud or ransomware extortion demands. 

According to the DOJ's announcement, the team will combine the expertise of its money laundering and asset recovery section with its computer crime and intellectual property section. It will also include experts from US Attorneys' Offices.