Seizure of India’s First Bitcoin ATM by Authorities

Seizure India’s First Bitcoin ATM by Authorities

India’s first bitcoin ATM installed by Unocoin Technologies has been seized by the authorities as it had been set up without approvals. The co-founder Unocoin has been arrested for allegedly running the illegal bitcoin ATM kiosk at Kemp Fort Mall. The authorities commented that more arrests are likely to be made and warned the public regarding cryptocurrency investment.

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