Indias first bitcoin atm kiosk set up in bengaluru

Let’s work together to keep the conversation civil. The crime branch said in a statement, «The ATM kiosk installed by Unocoin in Bengaluru’s Kempfort Mall has not taken any permission from the state government and is dealing in cryptocurrency outside the remit of the law. Sharath Sharma Kalagaru News Countdown To Elections Results.

About CryptoVibes

Bengaluru, Oct The co-founder of India’s own bitcoin start-up was arrested on Tuesday for setting up the country’s first cryptocurrency ATM in the indias first bitcoin atm kiosk set up in bengaluru, which police called illegal as it had been set up without approvals. Harish B V 37a resident of Jayanagar West in Tumakuru, is one of the four co-founders of Unocoin which claims to be India’s first entrant in the bitcoin space. The police have seized two laptops, five debit cards, one passport and few other documents from. Police have urged the general public not to fall into the trap of cryptocurrency on the pretext of making a lot of money in a quick time. Trending Flashback For Bengaluru Updates. Allow Notification.

Business News

The year-old Unocoin Technologies co-founder, Harish BV, was arrested as the police said it was illegal since it was set up without approvals. According to a report in The 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. The crime branch said in a statement, «The ATM kiosk installed by Unocoin in Bengaluru’s Kempfort Mall has not taken any permission from the state government and is dealing in cryptocurrency outside the remit of the law. Police added that more arrests are likely. According to the police, the kiosk was a platform for bitcoin buyers and sellers. Police requested the public to not get lured in by prospects of making money and not to invest in bitcoin.

Take the pledge to vote

Bengaluru, Oct The co-founder of India’s own bitcoin start-up was arrested on Tuesday for setting up the country’s first cryptocurrency ATM in the city, which police called illegal as it had been set up without approvals. Harish B V 37a resident of Jayanagar West in Tumakuru, is one of the four co-founders of Unocoin which claims to be India’s first entrant in the bitcoin space.

The police have seized two laptops, five debit cards, one passport and few other documents from. Police have urged the general public not to fall into the trap of cryptocurrency on the pretext of making a lot of money in a quick time.

Trending Flashback For Bengaluru Updates. Allow Notification. For Daily Alerts. Keep youself updated with latest Bengaluru News. Cancel OK. Must Watch. By Deepika S. Karnataka CET to be held in April. Karnataka CET date. Karnataka Civil Services Exam result: Last five days to file objections. Karnataka Civil Services Exam indias first bitcoin atm kiosk set up in bengaluru declared after 2 years and 7 months.

Karnataka Graduate Primary Teacher result declared, three important points. For Breaking News and Instant Updates. Allow Notifications. You have already subscribed. Read more about: india bengaluru atm.

Pregnant woman refused admission in govt health centre for not paying Rs 5, as bribe to staff. Notification Settings X Time Settings. Clear My notification inbox.

Clear Notification X Do you want to clear all the notifications from your inbox? Yes No. Settings X. We use cookies to ensure that we give you the best experience on our website.

This includes cookies from third party social media websites and ad networks. Indias first bitcoin atm kiosk set up in bengaluru third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we’ll assume that you are happy to receive all cookies on Oneindia website.

However, you can change your cookie settings at any time. Learn. Change Settings Continue.

Take the pledge to vote

Login indias first bitcoin atm kiosk set up in bengaluru existing account Facebook Google Email. Follow News Top Deals. According to the police, the kiosk was a platform for bitcoin buyers and sellers. Canon EOS D It is expected to start operations soon. The customers would need to register through their mobile number and enter a password. Bengaluru: The validity of cryptocurrencies remains uncertain after the Central government gave directions to prevent banks from trading in. This decision of RBI was ij in line with its earlier statements on the risk associated with the cryptos. The year-old Unocoin Technologies co-founder, Harish BV, was arrested as the police said it was illegal since it was set up without approvals. The automated teller machine, which has been installed at Kemp Fort Mall on Old Airport of Bengaluru, is the first-of-its-kind in the country.