Cryptocurrencies

Crypto Lobby Forms to Shake Reputation as Criminals’ Currency

  • International watchdog proposes harsh anti-crypto rules
  • Industry groups see wave of donations for expected battle
Photographer: Angel Garcia/Bloomberg
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Even as cryptocurrencies steadily gain support on Wall Street, they’re still regarded by regulators as a tool for criminals to conceal shady transactions -- posing a challenge to the nascent industry as it seeks to win wider respect.