• info[at]asiathemes[dot]com
  • (2)245 23 68

Tension in India Boils Up: Second Unocoin Co-Founder Arrested

Tension in India Boils Up: Second Unocoin Co-Founder Arrested

BTC Casino / 26th October 2018

Another co-founder of India’s oldest cryptocurrency exchange Unocoin was reportedly arrested today. The move followed yesterday’s action when the company saw its first Bitcoin ATM being seized by authorities and other co-founder arrested.

Tension in India Boils Up: Second Unocoin Co-Founder Arrested
Friday October 26, 2018

Another co-founder of India’s oldest cryptocurrency exchange Unocoin was reportedly arrested today. The move followed yesterday’s action when the company saw its first Bitcoin ATM being seized by authorities and […]

The post Tension in India Boils Up: Second Unocoin Co-Founder Arrested appeared first on BTC Casino Gambling.

Saga Continues
Live Bitcoin News reported yesterday, October 24, that India’s very first Bitcoin ATM set up by the country’s oldest cryptocurrency exchange Unocoin has been seized by the Cyber Crime Department of the Central Crime Branch (CCB). The authorities also arrested the company’s co-founder Harish BN.
The merit for the CCB’s actions was that the ATM kiosk was installed in the city of Bengaluru without the permission of the state government.
At the time, the other co-founder of the company, Sathvik Vishwanath, noted:
We got a lot of bad press after the finance minister announced a ban in February 2018. The minister’s statement was clear: Cryptocurrencies are not legal tender in India. He did not say “illegal tender”. There’s a huge difference. It means you bear the risk of your investment and there’s no regulation for the industry.

Transfer Your Tokens With ADAMANT Messenger or Use ADAMANT 2FA
Monday December 10, 2018

Different types of cooperation often give growing companies a large share of support and overall sustainability on the market—this can be seen from experience of already existing technological history, as […]

The post Transfer Your Tokens With ADAMANT Messenger or Use ADAMANT 2FA appeared first on BTC Casino Gambling.

From Bad to Worse
Today, outlet News 18 reports that Viswanath has also been arrested on charges of collusion. Citing a police officer, the media outlines:
The accused in order to earn money had joined hands with the other accused and set up these kiosks illegally, thereby duping the public.
The legality of Bitcoin ATMs in the country is yet to be determined. As Vishwanath had previously said, the minister’s statement that cryptocurrencies are not considered to be “legal tender” in the country doesn’t on its own entail that they are illegal.
What do you think of India’s move to arrest co-founders of Unocoin and to seize their Bitcoin ATM? Don’t hesitate to let us know in the comments below!

Images courtesy of ShutterStock
The post Tension in India Boils Up: Second Unocoin Co-Founder Arrested appeared first on Live Bitcoin News.

New Assets and Exciting Independent Projects to be Listed on Coinbase
Wednesday December 12, 2018

Coinbase has revealed it’s planning on listing more than 30 new assets. This does not mean the tokens will be added to the platform. According to a blog post from […]

The post New Assets and Exciting Independent Projects to be Listed on Coinbase appeared first on BTC Casino Gambling.

@ 2017 Esol Theme powered by WordPress Developed by ASIATHEMES