UNOCOIN, India's leading crypto asset and Blockchain company introduced its first ATM in Bangalore, India. This is the first Cryptocurrency ATM in India.
The interesting part here is that the country's central bank RBI has ruled earlier this year that financial institutions associated with RBI are not permitted to deal with cryptocurrencies.
But Unocoin has found an interesting loophole in RBI's rule and installed this ATM.
If you are interested to know how this ATM works, then read more details from this news article https://www.thenewsminute.com/article/india-s-first-cryptocurrency-atm-launched-bengaluru-90117
What do you think about this move in India?
Do you think that RBI will come up with new rules to stop this? Or will the Cryptocurrency ATMs be the future?
Do let me know your thoughts in the comment section below.
