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Indian Crypto Exchange CoinDCX Is Slashing 12% of Jobs Amid Bear Market, Crypto Taxes

One of India's most prominent cryptocurrency exchanges, CoinDCX, is cutting about 12% of its staff as the prolonged bear market and India's tax policies hit revenue. CoinDesk regulatory reporter Amitoj Singh breaks down how crypto services are impacted by the stiff taxes India has imposed on the industry.

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Finance

Индийская Криптo биржа CoinDCX сокращает 12% рабочих мест из-за медвежьего рынка и налогов

Число потерявших работу сотрудников составляет 71 из примерно 590.

From left: Sumit Gupta (Co-founder & CEO), Neeraj Khandelwal (Co-founder), Gaurav Arora (Sr. Vice President), Vivek Gupta (EVP Engineering). (CoinDCX)

Videos

Indian Crypto Exchanges in Survival Mode Amid Crypto Winter

Indian crypto exchanges are in survival mode, cutting costs wherever possible, re-negotiating partner contracts, suspending employee pay-hikes, conducting lay-offs, exploring new revenue models and rebranding themselves, all in an effort to extend their financial runways. "The Hash" panel discusses the ongoing fallout of crypto winter and the implications for India's state of crypto.

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Finance

Индийская биржа CoinDCX запускает мобильное приложение DeFi, сигнализируя о переходе на Web3

Okto будет доступен в Индии в рамках CoinDCX Pro, а также как отдельное приложение Okto по всему миру.

From Left to Right: Sumit Gupta (Co-founder & CEO), Neeraj Khandelwal (Co-founder), Gaurav Arora (Sr. Vice President), Vivek Gupta (EVP Engineering). (CoinDCX)

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Videos

Binance Denies Russia Involvement; CoinDCX Talks Future Plans

Binance denies report on sharing client data with Russia. China pushes ahead with plans to showcase the e-CNY at September’s Asian Games. CBDCs and what they mean for the future of stablecoins. Investors double down on CoinDCX despite difficulties in India.

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Finance

Индийская Криптo биржа CoinDCX привлекла более 135 миллионов долларов в новом раунде финансирования

По словам соучредителя и генерального директора Сумита Гупты, в результате повышения стоимость CoinDCX превысила 2 миллиарда долларов.

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Videos

Korea Crypto Tax Postponed, CoinDCX Looks to IPO

Korea’s KB Kookmin Bank develops virtual banking services. Imposition of Korea’s crypto tax postponed. India’s CoinDCX looking to IPO when legislation allows. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”

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Policy

Индийская Криптo единороговая монета DCX планирует провести IPO, как только это разрешат правила: отчет

Сообщается, что правительство Индии предложило законопроект, запрещающий частные Криптo токены.

The Taj Mahal in Agra, India (Sylwia Bartyzel/Unsplash)

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Videos

CoinDCX Becomes First Crypto Unicorn in India

Indian crypto exchange CoinDCX has raised 6.70 billion rupees (US$90 million) from investors to a total valuation above $1 billion, becoming the first crypto firm in the country to achieve unicorn status. Co-founder Neeraj Khandelwal discusses the implications of the achievement in the face of regulatory uncertainty relating to Indian officials' stance toward cryptocurrencies. Plus, highlights on the trends in Indian crypto markets.

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Markets

Криптo биржа CoinDCX первой достигла статуса единорога в Индии: отчет

Финансирование будет использовано для увеличения штата биржи вдвое до 400 сотрудников.

Bandra-Worli Sea Link, Mumbai, India

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