Survey: Indian Investors Believe the Government Should Consider Revising Cryptocurrency Taxatio

The latest survey by the New Delhi technology policy think tank, Esya Centre, targeting Indian investors shows that India should consider revising its taxation on cryptocurrencies rather than relying on its anti-money laundering rules to reverse these high tax impacts. The study also found that Indian investors have a considerable understanding of cryptocurrency taxes (58%) and money laundering regulations (52%), and they prefer stablecoins with collateral (93%) over algorithmic coins. The survey was conducted in March and April in five cities: with 1342 highly educated respondents.