A recent survey conducted in India highlights the significant influence of high cryptocurrency taxes and stringent anti-money laundering (AML) regulations on investors. The findings indicate a shift in investor preferences towards equity investments due to the current regulatory environment.
The survey revealed that 58% of investors have a clear understanding of cryptocurrency tax regulations, while 52% are well-versed in AML regulations. Despite this awareness, the stringent regulations have steered many investors away from cryptocurrencies and towards more traditional equity investments.
The Esya Centre, a prominent technology policy think tank, has weighed in on the issue. They have suggested that the Indian government re-evaluate its crypto tax policy to mitigate potential capital outflows. Additionally, the think tank advocates for collaboration between the government and crypto exchanges to foster responsible market development.
