A cryptocurrency exchange based in Brazil, Mercado Bitcoin has announced that it is laying off 15 percent of its staff as a result of the global economic conditions.
Reports indicate that the layoff was communicated on September 1st, as part of a series of measures taken by 2TM, the holding company of the exchange, directed to streamline operations.
As reported by’Bitoinnews.com’, “In a statement, the company also criticized the Brazilian government for sidelining the discussion of a cryptocurrency bill in favor of activities pertaining to the upcoming general elections.
“The adversity in the economy continues, and the competitive environment continues to deteriorate and [is] unfair, without the approval of the legal framework for cryptoassets, with players that follow the laws penalized against companies that ignore local rules.” the company said
