Mass layoffs, cash crunch engulfs controversial Indian Bitcoin exchange Unocoin
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.