Paytm hints at Bitcoin offerings but only if India legalises it

A top Paytm executive has shared the company's thoughts on entering the cryptocurrency market in India. Seems like the country's biggest digital payments platform is waiting for regulatory approval for Bitcoin to bring it as an offering on its platform.

Joining other financial majors around the globe, India's Paytm has shown an interest in cryptocurrencies. It seems that the company would consider offering services around cryptocurrencies like Bitcoin through its platforms, but only if they get regulatory approval in India.

A top Paytm executive hinted at the possibility in a recent interview. As per the Paytm representative, the uncertainties revolving around cryptocurrencies have been a major reason why the company has shied away from the prospective yet. If the regulatory bodies in India are able to come up with a clear stance on crypto, Paytm might consider expanding its services to the sector.