The statement said, "Due to the current global economic slowdown, the crypto market has been in a bear market and the Indian cryptocurrency industry has had some issues with taxation, regulations and banking access.
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Oct 2
According to Coindesk, Indian cryptocurrency trading platform WazirX has released a statement saying that it has laid off 40% of its staff, amounting to around 50 to 70 people (out of a total workforce of around 140), and that the dismissed employees will receive 45 days' pay. The statement said, "Due to the current global economic slowdown, the crypto market has been in a bear market and the Indian cryptocurrency industry has had some issues with taxation, regulations and banking access...
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