? Crypto cash: The government’s plan for a Bill to act against private cryptocurrencies has reopened the debate on the fast-moving, highly volatile sector, where policy has so far failed to catch up with technology.
The government’s plan for a Bill to act against private cryptocurrencies has reopened the debate on the fast-moving, highly volatile sector, where policy has so far failed to catch up with technology. The Sunday Express meets a range of stakeholders — from investors to coin exchange players and the government — on what could be the way forward.
Aditya Singh’s first serious foray into the world of cryptocurrencies (Crypto Cash) happened over a failed payment. The owner of a recruitment firm that he runs with his brother, Singh says that sometime in 2015, one of their European clients wouldn’t pay the commission and eventually stopped taking calls.
When we finally got through to the client, he gave us an option to pay in Bitcoins. We had our doubts but since there was no other way to get our commission, we agreed. That’s when we realised that there is a whole market around Bitcoin and other cryptocurrencies,” he says, refusing to reveal his investment or other personal details.
