Bitcoin Suisse, a prominent crypto firm, is set to lay off up to 60 employees in Switzerland as part of a strategic business reorganization, following the closure of its Copenhagen IT development site and plans for international expansion.

Bitcoin Suisse is expanding its business internationally – and restructuring its headquarters in Zug in the process. Up to 60 of its current jobs could be relocated abroad. At the…

Bitcoin Suisse plans to cut up to half of its 120 Swiss jobs as it reorganises from a primarily Swiss crypto firm into an international financial services group.