The first bitcoin ATM got seized in Bengaluru: check latest bitcoin news on cryptopostgazette
As we all knows still India is little behind in Cryptocurrency trading. India do not have any bitcoin ATM now, but a 37-year-old Unocoin Technologies co-founder, Harish BV, setup India’s first bitcoin ATM in Bengaluru few days without approval of RBI. The ATM got seized by Bengaluru police on Tuesday. The police said it was illegal since it was set up without approvals.
Bitcoin ATM location in Bengaluru
Harish had installed the Bitcoin ATM at Kemp Fort Mall on Old Airport Road with his partner Sathvik Viswanath.
Statements of TOI, Crime Branch and co-founder of Unocoin on Bitcoin ATM (Kiosk) seized
According to Times of India, the kiosk facilitated cryptocurrency deals. A teller machine, two laptops, three credit cards, a mobile phone, five debit cards, a passport, a cryptocurrency device, five seals of Unocoin company, and Rs 1.8 lakh were seized by the Central Crime Branch.