WASHINGTON (Reuters) - The U.S. Justice Department is disbanding its National Cryptocurrency Enforcement Team and ordering prosecutors to focus instead on criminal investigations involving cartels and terrorist groups that use digital currency to finance illicit business, according to a memo seen by Reuters.

The Justice Department is disbanding a team of prosecutors who targeted cryptocurrency crimes and is shifting its focus away from complex crypto-related cases involving banking and securities law,

An internal memo ordered prosecutors to ‘no longer target virtual currency exchanges.’ The Trump administration is disbanding a Department of Justice unit dedicated to enforcing cryptocurrency fraud,