DCG Company Genesis Cuts 20% of Staff Amid Crypto Winter, and Colombia Explores CBDC to Combat Tax Evasion

"The Hash" team takes a closer look at the layoffs happening at crypto broker Genesis Global Trading owned by Digital Currency Group, which is also Coindesks’ parent company, amid the market downturn. Plus, Columbia's potential central bank digital currency (CBDC) strategy in an attempt to fight tax evasion.

See also: Crypto Broker Genesis Cutting 20% of Workforce as CEO Michael Moro Exits

Colombia Explores Creating a CBDC to Combat Tax Evasion

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code HASH20 for 20% off the General Pass. Register now: coindesk.com/ideas

This episode has been edited by Michele Musso. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”