Bitcoin ATM closed in India, police arrested Unocoin co-founder
According to the latest news, Unocoin's only ATM has been closed in Bangalore. Explaining his badi reason, the police have revealed that it is a legal proceeding. And it has been said that this action has been done due to not taking permissions in the right way.
Let everyone know that there was only ATM in BTT in Bengaluru in India. That ATM has also been stopped by the Bangalore Police. Police found two laptops, mobile phones, credit and debit cards, passports and ₹ 1.7 lakhs along with co-founder of Unocoin Harish B.V. have been arrested.
The company says we had put this ATM on full permissions. The Central Crime Branch Police say that Unocoin used to facilitate illegal currency transactions for its customers. Crypto-currencies have been declared illegal in India.
So friends, what do you have to say? Should bitcoin be illegal? Give us your opinion and explain your thoughts.
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