India should consider revising its taxes on crypto and not depend on its anti-money laundering rules to reverse the impact of those high taxes, the latest survey of savvy Indian investors by a New Delhi-based technology policy think tank revealed.
The study by the Esya Centre also found that Indian investors are considerably aware of regulations relating to the taxation of cryptocurrencies (58%) and money laundering (52%), and prefer collateralized stablecoins (93%) over algorithmic ones.
The study found that India's 'anti-money laundering law has led to a shift in favor of equity investments compared to crypto investments (by 8 percent).'
Esya's latest survey found that knowledge of the 'tax regulations not only increases investment in crypto assets (by 10 percent), but also investment via foreign crypto platforms (by 15 percent).'
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