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.