Two co-founders of Unicoin, engaged in banned crypto currency exchange, have been arrested, days after their firm launched a Bitcoin ATM kiosk at a mall here in violation of RBI norms, police said Wednesday.

Sathvik V was arrested Wednesday, a day after the detention of the other co-founder Harish B V, they said adding the ATM had been sealed. Two laptops, a mobile phone, a device for crypto currencies and Rs 1.79 lakh cash were seized among others from 37-year old Harish, police said.