Survey: India should consider revising its taxes on cryptocurrencies
2024-08-02 06:37:01
Headquarters new delhi technology policy think tank esya center esyadesk3cryptocurrencydesktopCrypto News
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 the latest survey of Indian investors by the Esya Centre, a New Delhi-based technology policy think tank. The study also found that Indian investors have a fair degree of knowledge of the relevant regulations for cryptocurrency taxation (58%) and money laundering (52%), and prefer stablecoins with collateral (93%) to algorithmic coins. The survey was conducted in five cities in March and April: 1,342 highly educated respondents were surveyed.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
