Indian think tank suggests government reconsidering encryption tax policies to prevent capital outflow

DailyNews

2024-08-02 07:53:56

PANews August 2nd news, according to CoinDesk, an investigation in India shows that high encryption taxes and Anti-Money Laundering regulations have a significant impact on investors. The survey found that although Anti-Money Laundering regulations have led investors to be more inclined towards equity investments, 58% of investors are aware of cryptocurrency tax regulations and 52% are aware of Anti-Money Laundering regulations. The technology policy think tank Esya Centre suggests that the Indian government reconsider its encryption tax policy to prevent capital outflow and work with encryption exchanges to promote responsible development of the market.

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