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India gets its first Bitcoin ATM in Bengaluru

Shortpedia

Content Team
Image Credit: Shortpedia

Keeping aside the virtual ban put by RBI on dealings in cryptocurrencies, India has got its first Bitcoin ATM. The service is already available in other countries. Opened in Bengaluru by Cryptocurrency exchange Unocoin, it will allow the customers to deposit and withdraw the rupee from the kiosk. Unocoin said that they decided to launch ATM in India after RBI virtually banned trading in cryptocurrencies in July.