According to Bloomberg, digital asset broker FalconX has laid off about 10% of its global workforce, with nearly half of the employees in its Singapore office affected. The layoffs include senior management, sales, and finance roles. The company plans to restructure its Singapore operations, focusing on unlicensed crypto derivatives trading and withdrawing its license application submitted to the Monetary Authority of Singapore. FalconX stated it will concentrate resources on core business areas while maintaining its presence in the Asia-Pacific region and expanding its regulated operations in Europe. https://(wublock123.com)/news/falconx-global-layoffs-10-percent-singapore-office-cut-near-half-license-withdrawal-65826