Paytm could offer Bitcoin services if India makes cryptocurrency ‘fully legal’

Paytm might consider Bitcoin offerings if the cryptocurrency was to become “fully legal” in the country, according to its chief financial officer Madhur Deora.

“Bitcoin is still in a regulatory grey area if not a regulatory ban in India. 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,” Deora said in an interview to Bloomberg TV.

Deora’s comments come as Paytm prepares to launch an initial public offering (IPO). The IPO is expected to take the company’s valuation to $20 billion. The listing is expected in mid-November.