Quote from: blockmanity on January 21, 2019, 10:32:55 AM

Quote from: 100bitcoin on January 20, 2019, 05:46:33 PM

Quote from: blockmanity on January 20, 2019, 07:06:49 AM

Quote from: 100bitcoin on January 19, 2019, 10:34:21 AM

Someone tried and got arrested in India - https://qz.com/india/1435092/unocoins-bitcoin-atm-seized-by-indian-police/

What the media didn't cover was that the arrest was false. The government or the bank did not authorize it, but rather policemen acted on their own behalf. Once the matter was cleared, the founder was free to go.

If you were right, Unocoin would not have to close their ATM. It is closed till date.

Operating an ATM without the banks permission is illegal in India. Although the founders did everything they can to use ther term "Kiosks" in their internal company documents, the Indian media used the term ATM everywhere. Due to this and the fact thay they didn't have a proper bank account to store fiat, they were forced to shut down.

so it was NOT "policemen acting on their own behalf". they were arrested because they were indeed doing something illegal. and from what i understand they were only taking advantage of desperation for buying bitcoin that resides in India ever since their big exchanges were closed. and that's not cool...