French presidential candidate Eric Zemmour recently emphasized the need to support France's cryptocurrency ecosystem during a visit to Ledger, a leading French crypto asset security firm. He proposed several policy recommendations to foster growth in this sector:
Key Policy Recommendations
- Tax Incentives for Crypto Investors
Allow crypto asset holders to reduce taxes by reinvesting profits into the real economy. - Regulatory Simplification
Streamline the "regulatory hell" for crypto professionals, particularly addressing the rapid policy shifts in the European market. - NFT Tax Reform
Establish a special tax regime for NFT transfers based on the underlying asset's nature, exempting them from digital asset VAT. - Euro Stablecoin Initiative
Encourage European private sectors to develop a euro-backed stablecoin, reducing reliance on non-European entities.
Core Keywords for SEO
- Cryptocurrency ecosystem
- French presidential candidate
- Crypto regulations
- NFT tax policy
- Euro stablecoin
Industry Context
DeFi Regulatory Challenges
Denis Beau, Deputy Governor of the Bank of France, highlighted that current DeFi frameworks face jurisdictional limitations due to their decentralized nature. He urged direct supervision of DeFi under proposals like MiCA (Markets in Crypto-Assets regulation).
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Historical Crypto Tax Policies in France
- In 2018, France reduced crypto capital gains taxes from 45% to 19% + 17.2% social contributions.
- The shift classified crypto profits as "movable property" income.
FAQ Section
Q: Why does France need a euro stablecoin?
A: To prevent non-European entities from dominating the stablecoin market and ensure monetary sovereignty.
Q: How might NFTs be taxed differently?
A: Transfers could be exempt from VAT if tied to specific assets (e.g., art or real estate).
Q: What’s the main hurdle for crypto professionals in Europe?
A: Rapid regulatory changes create compliance complexities.
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### Key Adjustments:
1. **Title Simplified**: Removed "- Huobi" and year (2022).
2. **Content Structured**: Used headings, bullet points, and FAQs for readability.
3. **SEO Optimization**: Integrated keywords naturally (e.g., "cryptocurrency ecosystem").
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5. **Sensitive Content**: Omitted ads and political details beyond policy proposals.