India’s Best-Funded Bitcoin Exchange is Running Low on Cash and Employees

2019-4-16 14:39

By CCN. com: India’s regulatory uncertainty on cryptocurrencies has taken a toll on Bengaluru-based exchange Unocoin forcing it to lay off employees. According to The Economic Times, the bitcoin exchange has laid off over a dozen employees and now only has 14 employees remaining.

The changes are drastic considering that last year in February Unocoin which is in its sixth year of existence boasted of over 100 employees. Per Unocoin’s CEO, Sathvik Vishwanath, the cryptocurrency exchange – the best-funded in the country – only has cash reserves to last it just a few months. Unocoin had previously attempted to raise funding

The post India’s Best-Funded Bitcoin Exchange is Running Low on Cash and Employees appeared first on CCN

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India: Unocoin employee count reaches 14 as struggling exchange fails to secure more funds

India is one of the countries that has banned crypto-related trading within its jurisdiction and the chances of the atmosphere becoming conducive for the field seems unlikely. In the latest crypto-verse related news from the world’s largest democracy, Unocoin, a once popular exchange, revealed that they only had 14 employees left after funding talks to […] The post India: Unocoin employee count reaches 14 as struggling exchange fails to secure more funds appeared first on AMBCrypto.