The Ban in India is Real
In India Unocoin, one of the CryptoCurrency exchange company has started a Bitcoin ATM in Bangaluru in spite of the ban by the Government in India. The ATM machine will let people to deposit and withdraw INR from the ATM.
PC : UNOCOIN.com
The Tweet Link : https://twitter.com/Unocoin/status/1052449456417898498
But it did not go well with the Government and it was seized by police yesterday while the co-founder was arrested. The cybercrime has issued a statement saying that
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.
The Government of India has never said its' illegal but says it was not a legal tender. Let's see what will happen next.
This post has been rewarded with 100% upvote from @indiaunited-bot community account. We are happy to have you as one of the valuable member of the community.
If you would like to delegate to @IndiaUnited you can do so by clicking on the following links: 5SP, 10SP, 15SP, 20SP 25SP, 50SP, 100SP, 250SP. Be sure to leave at least 50SP undelegated on your account.
Please contribute to the community by upvoting this comment and posts made by @indiaunited.
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by codingdefined from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.
let us hope good.
Yeah let us hope good itself.
oh dear, that is bad news for us folks. I do wish something could be done about it
Yeah it's actually a bad news. Let's see what comes next.
Hi @codingdefined!
Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 5.121 which ranks you at #946 across all Steem accounts.
Your rank has dropped 20 places in the last three days (old rank 926).
In our last Algorithmic Curation Round, consisting of 405 contributions, your post is ranked at #195.
Evaluation of your UA score:
Feel free to join our @steem-ua Discord server