India’s Paytm Company May Launch Bitcoin If Government Legalizes Crypto

Paytm, India’s major digital payments company, may consider adding Bitcoin trading to its offerings if it is approved with crypto in India. According to a report from Bloomberg, Paytm has expressed interest in adding Bitcoin trading to the platform. However, the government needs to clarify regulations regarding cryptocurrencies before considering doing so.

“Bitcoin is still in a regulatory gray area, if not a regulatory ban in India,” Madhur Deora, the company’s Chief Financial Officer, told Bloomberg TV in an interview. Over the past few years, the Indian government has repeatedly changed its stance on crypto, confusing investors with the regulatory rules surrounding it.

The Indian government’s indecision about cryptos is negatively affecting all crypto investors in India. We hope the Indian government will now pass a positive law.

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Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.