Bengaluru has indias first cryptocurrency atm. Quickly and easily find bitcoin and altcoin atms with our cryptocurrency atm locator map.
India S First Cryptocurrency Atm Launched In Bengaluru The News
The cryptocurrency atm is in bengaluru.
Cryptocurrency atm in india. Indias first cryptocurrency atm launched in bengaluru installed by virtual currency exchange unocoin the atm allows customers to deposit and withdraw minimum amount of rs 1000 from the platform. As on february 2018 there were around 50 lakh traders in india in 24 exchanges and cryptocurrency trading volumes are in the range of 1500 bitcoins a day or around rs 1 billion 0ne unit of. The atm was set up despite the reserve bank of indias crackdown on cryptocurrency in india.
In india while mcap tokens and onecoins received a bit of controversy globally more than 50 cryptocurrency exchanges have been shut down owing to the hacking chaos and government policies. In a statement to the media the cyber crime department of the central crime branch ccb stated. Life for indias first cryptocurrency atm has turned out to be short.
However now a cryptocurrency exchange unocoin has exploited a loophole in government regulations to bring india its first cryptocurrency atm. Indian government confirms cryptocurrency regulation in final stages btc the most traded cryptocurrency year to date on indian exchanges wazirx coindcx and instashift is btc. The atm allows customers to deposit and withdraw a minimum amount of rs 1000 and transact in cryptocurrencies like bitcoin ethereum and others.
Last week the virtual currency exchange unocoin had set up the countrys first cryptocurrency atm in bengaluru. This is the first atm of its kind in india and it has played a clever card by circumventing rbi regulations.
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