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Week after installation, India’s first Bitcoin ATM in Bengaluru seized, co-founder arrested

A week after virtual currency exchange company Unocoin installed India’s first Bitcoin ATM in Bengaluru’s Kempfort Mall, the Cyber Crime Police in Bengaluru has registered a case against Unocoin for setting up the ATM without permission and have also arrested the company’s co-founder Harish and seized several gadgets and ₹1.79 lakh in cash from him and materials seized included two laptops, one mobile, three credit cards, five debit cards, one passport, five company seals and one cryptocurrency device, he was produced in the 1st ACMM Court in Bengaluru before he was taken into police custody.

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October 24 2018
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