Biz man held for setting up Bitcoin ATM in Bengaluru


UDAYAVANI, 24-10-2018 21:21:42


Write Comment     |     E-Mail To a Friend     |     Facebook     |     Twitter     |     Print


Biz man held for setting up Bitcoin ATM in Bengaluru

Bengaluru: The Co-founder of Unicoin, engaged in banned cryptocurrency exchange, has been arrested, days after he launched a Bitcoin ATM kiosk at a mall here in violation of RBI norms, police said Wednesday.

37-year old Harish B V 37, hailing from Tumakuru in Karnataka, was arrested Tuesday and two laptops, a mobile phone, a device for cryptocurrencies and Rs 1.79 lakh cash were seized among others from him, they said.

Harish, who had set up his firm Uncoin Technologies Private Limited to undertake business in virtual currency, had inaugurated the ATM kiosk in a city mall last week without permission from the competent authorities, police said.

Police, who took the action on their own, produced him before the first additional chief metropolitan magistrate court, which remanded him in police custody for further questioning.

Police asked people not to get lured by the claims of making quick bucks through illegal cryptocurrency.

RBI had told the Supreme Court in July that allowing dealings in cryptocurrencies like Bitcoins would encourage illegal transactions and it has already issued a circular prohibiting the use of these virtual currencies.


Comments on this Article
Jossey Saldanha, Mumbai Fri, October-26-2018, 8:08
After 2014 everything FAKE ...
Agree[0]
Write your Comments on this Article
Your Name
Native Place / Place of Residence
Your E-mail
Your Comment   You have characters left.
Security Validation
Enter the characters in the image above
    
Disclaimer: Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Kemmannu.com will not be responsible for any defamatory message posted under this article.
Please note that under 66A of the IT Act, sending offensive or menacing messages through electronic communication service and sending false messages to cheat, mislead or deceive people or to cause annoyance to them is punishable. It is obligatory on kemmannu.com to provide the IP address and other details of senders of such comments, to the authority concerned upon request. Hence, sending offensive comments using kemmannu.com will be purely at your own risk, and in no way will Kemmannu.com be held responsible.
Similarly, Kemmannu.com reserves the right to edit / block / delete the messages without notice any content received from readers.




Welcome to Thonse Naturecure Hospital
View More

Admissions Open @ Milagres College, KallianpurAdmissions Open @ Milagres College, Kallianpur
Veez Konkani Illustrated Weekly e-Magazine # 68Veez Konkani Illustrated Weekly e-Magazine # 68
Milarchi Lara - Easter Issue of Mlagres Parish Bulletin.Milarchi Lara - Easter Issue of Mlagres Parish Bulletin.
Appeal from Gudiam Shri Bhadrakali Temple, Kemmannu - Invitation Cards Released.Appeal from Gudiam Shri Bhadrakali Temple, Kemmannu - Invitation Cards Released.
Shops and Flats for sale at Hampankatte, Kemmannu.Shops and Flats for sale at Hampankatte, Kemmannu.
Foundation Stone Laying Ceremony of Nayaab Residency by B. M. Zaffer & fly, Dubai, UAE.Foundation Stone Laying Ceremony of Nayaab Residency by B. M. Zaffer & fly, Dubai, UAE.
Land for Sale in Nejar, Kemmannu Main Road, UdupiLand for Sale in Nejar, Kemmannu Main Road, Udupi
Focus Studio, Near Hotel Kidiyoor, UdupiFocus Studio, Near Hotel Kidiyoor, Udupi
Milagres Tours and Travels upcoming Tours.Milagres Tours and Travels upcoming Tours.
Canara Beach Restaurant, Hoode/Bengre, Udupi.Canara Beach Restaurant, Hoode/Bengre, Udupi.
Delite Catering, SanthekatteDelite Catering, Santhekatte
Milarchi Laram - Issue Jan 2019Milarchi Laram - Issue Jan 2019
Canara Beach Restaurant Inaugurated at Bengre, Kemmannu.Canara Beach Restaurant Inaugurated at Bengre, Kemmannu.
ROZARICHO GAANCH DECEMBER 2018ROZARICHO GAANCH DECEMBER 2018
Udupi: Congratulations to Raising smiles who won the first place in RED DROP AD- shoot competition..Udupi: Congratulations to Raising smiles who won the first place in RED DROP AD- shoot competition..
Maria TravelsMaria Travels
Welcome to Thonse Naturecure HospitalWelcome to Thonse Naturecure Hospital
Delite Caterers and Delite Event ManagementDelite Caterers and Delite Event Management
An appeal to Kemmannu Parishioners, Friends and Well Wishers:

[Comments]

An appeal to Kemmannu Parishioners, Friends and Well Wishers:<P> <Center>[Comments]</P> </Center>
Read online Uzvaad:<font color=red> Read online Uzvaad</font color=red>:
For all your travel needs contact Sequeira TouristFor all your travel needs contact Sequeira Tourist
Read Online RaknnoRead Online Raknno
Kemmannu Platinum Jubilee Souvenir – Amruth KaanikKemmannu Platinum Jubilee Souvenir – Amruth Kaanik
Udupi TodayUdupi Today
St. Alphonsa of India
Kemmann.com Face Book

Click here for Kemmannu Knn Facebook Link

Sponsored Albums