Latest update about Jio coin

Recent Update: 4 Feb 2018 - Reliance Jio is not confirming anything about the Jio Coin. It is interesting to wait for the new announcement. But the Rumors are sad that the coin might not be available soon. Reliance Jio Coin Truth News. Is JIO coin real. This article will help you get enough knowledge and you will be happy to know that Reliance is coming with JIO COIN. The JIO Coin Truth news is spreading from mouth to word rapidly. Reliance’s new Cryptocoin “JioCoin(JC)’to Hit the Indian and world exchanges soon.

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Also Read - How to Buy BNB Coin to make best profit in India

Reliance Jio Coin Truth News

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A BIG NEWS for all the crypto-buyers  ,after disrupting the telecom sector with its free offers and hyper-competitive tariffs, Reliance Jio Infocomm Ltd plans to create its own cyptocurrency, JioCoin. The most popular application of the BLOCKCHAIN technology has undoubtedly been cryptocurrency, and Reliance Jio also plans to create its own version called JioCoin(JC).

Reliance Jio is planning to build a 50-member team of young professionals with average age of 25 year to work on the blockchain technology for JioCoin(JC), its own cryptocurrency. Reliance is a bigger brand in world economy. If this coin project comes into action, the fear of banning crypto currencies in india will go. Since Mukesh Ambani has great links with Government bodies and officials, “JIO COIN” will be a blessing for crypto investors.

JIO Coin Future and the Jio Coin Truth News

If reports are to be believed, Mukesh Ambani’s elder son Akash Ambani will  lead the JioCoin project, A 50-member team of young professionals to work on blockchain technology, which can also be used to develop applications such as smart contracts and supply chain management logistics for the company.

Significantly, the Indian government has cautioned against cryptocurrencies, always stating that virtual currencies were not backed by assets & posed risks such as money laundering.

Recently on 2 January, India”s finance minister Mr. Arun Jaitley says at Rajya Sabha that the government was still studying the issue. He is planning for strict steps. A committee under the chairmanship of secretary, department of economic affairs, is deliberating over all issues related to cryptocurrencies to propose specific actions to be taken. If JIO Coin will hit the exchanges, every investor in INDIAN subcontinent can take a sigh of relief, crypto trading will never be banned in the country.

Indian Government and JIO Coin

Bitcoin and other cryptocurrencies have come under the scanner of governments across the world as their soaring prices attracted speculators and unsophisticated retail investors in droves. On Thursday, Bitcoin dropped as much as 12% to $12,801, its lowest since Christmas day, as South Korea’s justice minister reiterated his proposal to ban local cryptocurrency exchanges, Bloomberg reported. Our sources has also revealed that the proposal of ban will be withdrawn very soon by South Korea.

Any updates regarding JIOCOIN(JC) will be updated here, we wil provide you every information regarding its ICO launch, the exchanges where it will be traded, its price. Stay tuned to save your money so that you can invest in best crypto coins around the world. The most popular application of the technology has undoubtedly been cryptocurrency, and Reliance Jio also plans to create its own version called JioCoin, a big new year gift to all crpto-lovers for sure.