The Chinese electronics maker Xiaomi is interested in cryptocurrencies, but requires clear regulatory clarity for the industry. This was stated by the company’s vice president and head of Xiaomi India, Manu Kumar Jain, in comments to local media.
According to him, Xiaomi will be able to offer services using digital assets only if the market has regulatory clarity.
“We want to wait for all regulatory requirements. Of course, cryptocurrency is an extremely interesting and popular area, and everything is going very well. But we would like to understand more about its regulation,” said Jain.
At the same time, Xiaomi will expand its footprint in the fintech market by turning into a full-spectrum lending platform. The company already offers business loans and will soon add gold-backed loans.
Earlier in August, the Portuguese retailer Xiaomi announced that added the option to pay for goods in cryptocurrencies. The tweet was subsequently deleted.
According to local media reports, Xiaomi founder Lei Jun has invested in cryptocurrency companies, including Okcoin, Conflux and Certik.
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