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Harish BV, who is also a co-founder of Unocoin Technologies, was arrested following the investigations that there were no approvals from necessary authorities to set up the kiosk. There has been a complete ban on cryptocurrencies in the subcontinent and the launch of ATM a week ago raised eyebrows. Police from central Crime branch have seized a number of electronic equipment like two laptops, a teller machine, five seals of Unocoin Company, five debit cards, three credit cards, a passport, Rs. The additional chief metropolitan magistrate court, where Harish was produced, has acceded to police custody for seven days. The investigators see more arrests to happen in the case.
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.
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 37 , a 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 him. 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
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Indias first bitcoin atm kiosk set up in 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.
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All you need to know about India’s first bitcoin ATM in Bangalore — Times Now Exclusive
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Get the best of News18 delivered to your inbox — subscribe to News18 Daybreak. Sathvik Viswanath, co-founder of Unocoin, told kosk daily that it is perfectly legal for Indians to buy and sell bitcoin. The kiosk facilitated cryptocurrency deals. Navbharat Times. 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. A customer representative of Unocoin told News 18 that Union finance minister Arun Jaitley had said that Bitcoin users undias investing in the currency at their own risk. Share on Facebook Share on Twitter.
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