The rules around these assets remain in a "gray area," CFO Madhur Deora said in an interview with Bloomberg TV's Haslinda Amin and Rishaad Salamat on Thursday.
"Bitcoin is still in a regulatory gray area, if not a regulatory ban in India," Deora said. "At this time
does not make Bitcoin. If it ever became completely legal in the country, then clearly there could be offers that we could launch. "
India's central bank had effectively banned cryptocurrency trading until the courts lifted the bans in March 2020. Since then, the government has considered adopting cryptocurrency legislation, but the Reserve Bank of India continues being very critical and continues to advocate for its ban.
Deora's comments come as Paytm prepares for public subscriptions to its 183 billion rupee ($ 2.5 billion) initial public offering, after selling nearly half to anchor investors. The price is expected in mid-November.
