Odaily News India should consider revising its taxation of 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 the Esya Centre, a New Delhi-based tech policy think tank. 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 support for equity investments (8%) compared to crypto investments.” (CoinDesk)