California-based digital asset platform Anchorage Digital will lay off 75 employees, or around 20% of staff, as it restructures to account for regulation challenges in the U.S. and flagging demand for certain digital assets, according to a company statement and other comments on Tuesday. The cuts follow a review of operations that lasted several months and “are in response to an evolving landscape facing the crypto industry at-large, shaped by regulatory uncertainty in the U.S., broad macroeconomic challenges, and crypto market volatility,” the statement said. (forkast)
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