Survey: Indian investors surveyed believe that the government should consider modifying tax policies for encryption, rather than relying on Anti-Money Laundering rules to eliminate its impact.

Odaily Planet Daily News According to the latest survey conducted by the Esya Centre, a technology policy think tank in New Delhi, India should consider modifying its taxation on Cryptocurrency instead of relying on its Anti-Money Laundering rules to counter the impact of these high taxes on professional Indian investors. The study also found that Indian investors are very familiar with tax laws related to Cryptocurrency (58%) and Money Laundering (52%), and they prefer collateralized stablecoins (93%) over Algorithm stablecoins. This survey was conducted in five cities - Ahmedabad, Bangalore, Delhi, Jaipur, and Lucknow - in March and April this year. The survey included 1342 respondents who have received higher education. Importantly, the study found that India's "anti-Money Laundering law led to a shift in support for equity investments (8%)" compared to encryption investments. (CoinDesk)