India’s Best-Funded Bitcoin Exchange is Running Low on Cash and Employees
India's six-year old cryptocurrency exchange Unocoin is laying off more than a dozen staff members as a cash crunch bites.
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- 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.
- Per Coindelta, RBI's move to ban banks from providing financial services to crypto exchanges had 'handicapped' its operations.