(Bloomberg) -- 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 โgrey area,โ Chief Financial Officer Madhur Deora said in an interview to Bloomberg TV's Haslinda Amin and Rishaad Salamat Thursday.
โBitcoin is still in a regulatory grey area if not a regulatory ban in India,โ Deora said. โAt 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.โ
India's central bank had effectively banned cryptocurrency trading until the courts lifted the prohibitions in March 2020. Since then, the government has considered the adoption of crypto legislation, but the Reserve Bank of India remains highly critical and continues to advocate for its ban.ย
| Read more: |
|---|
|
Deora's comments come as Paytm prepares for public subscriptions to its 183 billion-rupee ($2.5 billion) initial public offering, after selling almost half to anchor investors. The listing is expected mid-November.
ยฉ2021 Bloomberg L.P.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories โ On NDTV Profit.
