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French Lawmaker Calls for Crypto Committee as Legal Questions Loom

 |  July 28, 2022

With legal questions mounting around the push to adopt cryptocurrency as an accepted form of payment across countries around the world, French Senator Nathalie Goulet on Thursday (July 28) pushed for a committee to regulate their uses in that nation, according to a letter posted on the Senate’s site.

The Ministry of Economy and Finance said there were more than 5,000 cryptocurrencies in circulation around the world last year, the most popular and profitable being bitcoin. Although the crypto market has crashed since reaching its peak in November, there are plenty who still rely on cryptocurrency as their primary forms of payment in every situation where it’s allowed, the letter said.

But there are still plenty of people who don’t understand it, a scenario that requires intervention by the government to help everyone be on an equal playing field when it comes to cryptocurrencies.

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