Paytm may consider Bitcoin offerings if India legalises crypto: Report

Paytm would consider Bitcoin offerings if Indian authorities removed regulatory uncertainty surrounding the adoption of cryptocurrencies.

Paytm, India’s digital payments pioneer, would consider bitcoin offerings if the nation’s authorities removed regulatory uncertainty surrounding the adoption of crypto currencies. The rules around these assets remain in a “grey area,” Chief Financial Officer Madhur Deora said in an interview to Bloomberg TV’s Haslinda Amin and Rishaad Salamat on Thursday.

“Bitcoin is still in a regulatory grey area if not a regulatory ban in India,” Deora said. “At the moment Paytm does not do bitcoin. If it was ever to become fully legal in the country then clearly there could be offerings we could launch.”

The country’s central bank had effectively