{"id":304628,"date":"2018-10-24T07:03:57","date_gmt":"2018-10-24T07:03:57","guid":{"rendered":"http:\/\/tehelka.com\/?p=304628"},"modified":"2018-10-24T07:03:57","modified_gmt":"2018-10-24T07:03:57","slug":"cyber-crime-police-seizes-indias-first-bitcoin-atm-in-bengaluru-co-founder-arrested","status":"publish","type":"post","link":"https:\/\/tehelka.com\/cyber-crime-police-seizes-indias-first-bitcoin-atm-in-bengaluru-co-founder-arrested\/","title":{"rendered":"Cyber Crime Police seizes India\u2019s first Bitcoin ATM in Bengaluru, co-founder arrested"},"content":{"rendered":"<p style=\"font-weight: 400; text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\"><img decoding=\"async\" loading=\"lazy\" class=\"size-medium wp-image-300046 alignleft\" src=\"http:\/\/tehelka.com\/wp-content\/uploads\/2018\/07\/b-scam-300x266.jpg\" alt=\"\" width=\"300\" height=\"266\" srcset=\"https:\/\/tehelka.com\/media\/2018\/07\/b-scam-300x266.jpg 300w, https:\/\/tehelka.com\/media\/2018\/07\/b-scam-474x420.jpg 474w, https:\/\/tehelka.com\/media\/2018\/07\/b-scam.jpg 529w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>The Cyber Crime Police on October 23 registered a case against Unocoin for setting up India\u2019s first Bitcoin ATM in Bengaluru&#8217;s Kempfort Mall without government permission and have also arrested the company&#8217;s co-founder Harish BV.<\/span><\/p>\n<p style=\"font-weight: 400; text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">The ATM was set up despite the Reserve Bank of India&#8217;s crackdown on cryptocurrency in India.<\/span><\/p>\n<p style=\"font-weight: 400; text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">Police seized a teller machine, two laptops, one mobile, three credit cards, five debit cards, one passport, five company seals and one cryptocurrency device and Rs 1.8 lakh.<\/span><\/p>\n<p style=\"font-weight: 400; text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">In a statement to the media, the Cyber Crime department of the Central Crime Branch (CCB) stated, \u201cThe ATM kiosk installed by Unocoin in Bengaluru&#8217;s Kempfort Mall has not taken any permission from the state government and is dealing in cryptocurrency outside the remit of the law.&#8221;<\/span><\/p>\n<p style=\"font-weight: 400; text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">The cryptocurrency ATM went live on October 22.<\/span><\/p>\n<p style=\"font-weight: 400; text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">A senior officer said that the inspector of the CCB\u2019s fraud and misappropriation squad filed a complaint with the cyber crime police, saying Harish and others are involved in cryptocurrency business and planning to commit online fraud and to cheat the general public.<\/span><\/p>\n<p style=\"font-weight: 400; text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">Harish was produced in the 1st ACMM Court in Bengaluru before he was taken into police custody.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Cyber Crime Police on October 23 registered a case against Unocoin for setting up India\u2019s first Bitcoin ATM in Bengaluru&#8217;s Kempfort Mall without government permission and have also arrested the company&#8217;s co-founder Harish BV. The ATM was set up despite the Reserve Bank of India&#8217;s crackdown on cryptocurrency in India. Police seized a teller [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":300046,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2070,2072,2014],"tags":[1343,385,7744,7742,7745,7743],"_links":{"self":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/304628"}],"collection":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/comments?post=304628"}],"version-history":[{"count":1,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/304628\/revisions"}],"predecessor-version":[{"id":304629,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/304628\/revisions\/304629"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/media\/300046"}],"wp:attachment":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/media?parent=304628"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/categories?post=304628"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/tags?post=304628"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}