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Bengaluru crypto startup Unocoin fires 86% staff after crypto ban
short by Kanishka Pandey / on Tuesday, 16 April, 2019
Bengaluru-based cryptocurrency startup Unocoin has fired nearly 86% of its staff, retaining only 14 employees in the team from its peak of around 100 employees in February 2018. Unocoin Co-founders Harish BV and Sathvik Vishwanath were arrested in October 2018 for illegally setting up a Bitcoin kiosk (ATM). The RBI had prohibited Indian banks from crypto-related trading last year.
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