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23.11 - 19:47
22.11 - 15:49
Paytm May Consider Bitcoin Offerings If Government Legalises Crypto
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ndtv.comPaytm is preparing for public subscriptions to its Rs 18,300 crore IPO.
New Delhi: 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 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.”
India's central bank had effectively banned cryptocurrency trading until
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