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

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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

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* First published on ccn.com

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