Survey: Indian investors believe the government should consider amending crypto taxation rather than relying on anti-money laundering rules to eliminate its impact

India should consider revising its taxes on cryptocurrencies, rather than relying on its anti-money laundering rules to reverse the impact of these high taxes, according to a new survey of professional Indian investors by New Delhi-based tech policy think tank Esya Centre. The study also found that Indian investors are well aware of tax regulations related to cryptocurrencies (58%) and money laundering (52%), and prefer collateralized stablecoins (93%) over algorithmic stablecoins. The survey was conducted in five cities, Ahmedabad, Bengaluru, Delhi, Jaipur and Lucknow, in March and April this year, among 1,342 highly educated respondents. Crucially, the study found that India’s “anti-money laundering laws have led to a shift in favor of equity investments (8%) compared to crypto investments.” (CoinDesk)