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Second co-founder of Unocoin is arrested for setting up India’s first bitcoin ATM

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A day after the Cyber Crime Police arrested Harish BV, a Co-founder of crypto-exchange Unocoin, a second co-founder of the startup, Sathvik Vishwanath, has been arrested.The arrests come a week after Unocoin launched its first physical kiosk in Bengaluru, and seem to have sent India's bitcoin dream crashing.

After the first arrest, the police had registered a case against Unocoin, stating that the setup was illegal. According to reports, Unocoin had installed its........

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