Mass layoffs, cash crunch engulfs controversial Indian Bitcoin exchange Unocoin
16 April 2019 7:46 AM GMT
Unocoin, which installed India's first Bitcoin ATM causing jailtime for its founders, has laid off 80 percent of its workforce till date and faces a cash crunch.
- Mass layoffs, cash crunch engulfs controversial Indian Bitcoin exchange Unocoin
- Troubles for Bengaluru-based crypto exchange platform, Unocoin, continue to mount as the startup now faces a shrinking workforce and cash reserve.
- The well-funded startup, which was once the leading Bitcoin exchange platform in India, has hit several obstacles on the lines of funding and legal regulations.
- Adding to the escalating problems for the crypto trading platform, talks to raise another round of funding hit a wall.
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