If I am not wrong probably on 14th of this month the country's first ATM was installed. Its like a dream came true among the crypto believer's of India. The very bold step at the hour of need was taken by UNOCOIN under complete unclear situation as per as regulations are concerned.This news gone viral among the crypto lovers of India. A perfect decision to counter Reserve Bank Of India's banking ban on crypto dealings. But on 20th of this month this machine is removed form its place of installation. According to UNOCOIN the machine is under testing phase and due to which some well known media are spreading negativity on it. How ever UNOCOIN decided to reinstall the machine in the upcoming week after the final stage of testing.
This is yet another very good and quick step taken by UNOCOIN . The main objective of this Bitcoin ATM is not only to counter RBI's regulation on Banking ban but also to spread a huge confidence among the crypto community .Also existence of a good running Bitcoin machine will spread awareness among the mass that Bitcoin is not at all illegal in India. But due to the lack of technological knowledge of both mass and the media it may really gone the other way . So the decision to remove and reinstall with better running condition after the final testing phase is absolutely valid under the current scenario.
Looking foreword for many more other ATM's in all possible cities throughout India. Hoping that the other exchanges will also join hands in Bitcoin ATM revolution. There will be competition but at the same time the crypto community will be bigger. India is really a large country to contribute a massive part in crypto field.
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