
Indian unicorn Paytm could soon offer Bitcoin (BTC) payments
Paytm might consider launching Bitcoin offerings in the country if the Indian authorities manage to eliminate all the regulatory stress surrounding cryptocurrency trade in the region.
Coverage of taxation, regulation, Web3 startups, and national digital payments shaping India’s crypto scene.
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Paytm might consider launching Bitcoin offerings in the country if the Indian authorities manage to eliminate all the regulatory stress surrounding cryptocurrency trade in the region.

The meme coins have attracted a sizable trading volume in the country compared to other mainstream cryptos like Bitcoin and Ethereum.

Instead of banning cryptocurrency trading like China, India is interested in encouraging crypto-related regulations and is already in process of formulating a law that will help regulate digital assets.

According to BrokerChooser, India beats the US in hosting roughly 100 million crypto owners in the world.

The fintech community has often viewed innovation and regulation as opposing forces, and cryptocurrency is no different.

The equalization levy could make cryptocurrencies more expensive for Indian users and exchanges.

The move comes on the heels of El Salvador legalizing the world’s largest cryptocurrency.

The governor of the country’s central bank said that the government’s stance on cryptocurrencies is more of a warning.

The nation’s central bank said an old report from 2018 was no longer valid for actions taken by private banks today.



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