The rules surrounding these assets are “grey areas,” Chief Financial Officer . lives in Madhur Deora said in an interview with Bloomberg TV’s Hasalinda Amin and Rishad Salamat on Thursday.
“Bitcoin is still in a regulatory gray area if there are no regulatory restrictions in India,” Deora said. “This time
Bitcoin does not. If it ever becomes fully legal in the country then clearly there will be more offerings that we can launch. ”
The Reserve Bank of India had effectively banned cryptocurrency trade until the restrictions are lifted by the courts in March 2020. Since then, the government has considered adopting crypto legislation, but the Reserve Bank of India remains highly critical and continues to advocate for its ban.
Deora’s remarks come at a time when Paytm is gearing up for public subscription for its Rs 18,300 crore ($2.5 billion) initial public offering, after selling nearly half to anchor investors. Listing is expected in mid-November.