India's first Crypto ATM is under Mainstream Media Attack

No wonder, the Indian mainstream media will stop attacking Crypto companies in the country. As per the previous report, the News companies in India started attacking the cryptocurrencies with fake claims and statistics. This is continuing, and they can't stop doing so.

Recently Unocoin launched a Crypto ATM (Kiosk) for anyone can deposit INR and get Crypto or withdraw Crypto in Indian Rupee. As per Indian central bank, using of the banking system for exchanging cryptocurrency is not allowed. But that is not for, using of Cash to Crypto or Crypto to Cash transaction in the country. Unodax's (Unocoin) ATM is not using the banking network. Therefore, there is no problem of using this way by doing a Crypto transaction in the country. But Indian mainstream media's attack on this effort is not at all good.

Because of this, Unocoin removed the machine from the original installation place at Bangalore.

We don't know, this will come back or not. But this is another damage to an Indian Cryptocurrency community.

Trust Issues: Now people know which news companies to trust. It is big damage to them as well ;)

Posted using Partiko Android