Banxa is the latest crypto player to dismiss some employees due to the bear market, announcing its team will shrink from 250 people to 150 individuals.
Aussie Mayor Tom Tate has suggested paying taxes in cryptocurrency as experts caution that the move could necessitate further research and a risk-measured policy.
Total cryptocurrency scam losses by Australians in the first four months of this year alone amounted to $81.5 million, according to the country’s consumer watchdog.
