According to Techub News, according to CoinDesk, the Esya Centre, a technology policy think tank in New Delhi, India, based on its latest survey results, suggested that the government "consider revising the tax rules for crypto assets to prevent capital outflows."
The survey found that 58% and 52% of Indian investors are aware of cryptocurrency taxation and money laundering regulations, and 93% of respondents prefer collateralized stablecoins to algorithmic stablecoins. In addition, the survey found that 8% of investors believe that India’s “anti-money laundering laws have led to stock investments being more popular than cryptocurrency investments” and that “knowledge of tax regulations has increased not only investment in crypto assets (an increase of 10%), but also investment through foreign cryptocurrency platforms (an increase of 15%).”
The survey was conducted in five cities in March and April among 1,342 highly educated respondents.
