Since July, the bourses had shifted to peer-to-peer and crypto-to-crypto trade to do away with currency deposits or withdrawals for digital currency transactions on the exchanges. About a week since the seizure of what was to be the first Bitcoin ATM in India , one of the co-founders of the firm that installed the cryptocurrency vending machine, Unocoin, has speculated that the debacle could have been avoided with better branding. According to Vishwanath, the distinction allows the machine to fall outside the scope of the banking network and by extension, the regulation on ATMs. Author: Mark Emem cointributor.