Police in the Indian city of Bangalore have seized an ATM just weeks after it was set up by local cryptocurrency exchange Unocoin.
The Times of India said in a news report on Wednesday that Harish BV, co-founder and chief technology officer of the Unocoin exchange, was arrested on Tuesday while attending to the crypto ATM, which was installed in a shopping mall and revealed on Oct. 14.
According to the report, the Central Crime Branch of the local police force seized the ATM, two laptops, a mobile, three credit cards, five debit cards, a passport and Indian rupees worth about $2,500.