Just A Week After Getting Installed, India’s First Bitcoin ATM In Bengaluru Seized; Co-Founder Arrested

A 37-year-old man was arrested here on Tuesday for running India’s first bitcoin ATM kiosk, which police called illegal as it had been set up without approvals.

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Harish BV, from Tumakuru and co-founder of Unocoin Technologies, Rajajinagar, operated the kiosk at Kemp Fort Mall on Old Airport Road.

The kiosk facilitated cryptocurrency deals. Central Crime Branch sleuths seized a teller machine, two laptops, a mobile, three credit cards, five debit cards, a passport, five seals of Unocoin company, a cryptocurrency device and Rs 1.8 lakh.