Candidate for the French presidency, Éric Zemmour presents proposals for the cryptocurrency sector

With two months to go before the first round of voting, France’s presidential candidate, Éric Zemmour of the Reconquête political party, presented four proposals that include fiscal reforms for the taxation of digital currencies and NFTs.

The candidate called the burgeoning cryptocurrency space a “sector of the future” and assured that his proposals were meant to boost the ecosystem at the local level.

The politician shared his vision via his Twitter account on Monday, following his visit to the facilities of Ledger, a French firm specializing in cryptocurrency.

“Today I visited Ledger, French leader in cryptoasset security. We must support the cryptocurrency ecosystem, a sector of the future, and here are my proposals:
(1/5)” he said on Twitter.

First, the candidate put forward a tax proposal for cryptocurrencies. He proposed acting on the taxation of cryptocurrencies to encourage their holders to reinvest their capital gains in the “real economy.”

Zemmour also mentioned the growing trend of non fungible tokens (NFTs), and raised a specific tax policy for this sector that focuses on taxing their sale according to their underlying asset; for example, as for the cases of tokenized paintings.

Create an ad hoc tax regime for the taxation of the disposal of NFTs (Non Fungible Token) according to their underlying asset by expressly excluding them from the capital gains regime for digital assets.

He also indicated that he intends to “put an end to the administrative hell for the professionals of the sector” that does not facilitate the distribution of cryptocurrencies by French platforms.

Finally, he expressed his interest in promoting the stablecoins market without waiting for the digital euro project led by the European Central Bank (ECB). In his opinion, the European private sector must take on this development “so as not to leave the monopoly of stablecoins to non-European entities”.