India gets its first cryptocurrency ATM amidst the central bank´s crackdown
(WorldNews India)

A new ATM in Bengaluru’s Kemp Fort Mall has become the latest face of the stand-off between India’s crypto-community and its banking regulator. The cryptocurrency ATM, India’s first, was launched by the virtual currency exchange Unocoin on Oct. 14. Meant exclusively for Unocoin customers, this ATM can be used to deposit or withdraw money, which can then be used to buy cryptocurrencies from Unocoin’s website or mobile app. This week, the exchange plans to put up one such ATM machine each in Mumbai and New Delhi. The introduction of virtual currency ATMs comes amidst turbulence in the country’s cryptocurrency ecosystem, involving legal battles, low volumes, and...