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Indian Police Seize ATM Run By Crypto Exchange Unocoin

Published 10/24/2018, 02:00 AM
Updated 11/01/2018, 03:15 AM
© Reuters.

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.

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