Reliance Jio at a clarification has stated they haven’t established any program named JioCoin. The telecom manufacturer has also said it might take legal actions against individuals who solicit to make trades under their title.
In a statement published by Reliance Jio, it stated: “Any such programs utilizing the JioCoin title are fake and individuals are advised to refrain from dealing with some of them” Moreover, no affiliates or associates of the firm are connected with the JioCoin program.
Recently, news reports concerning Jio’s investment in cryptocurrency were drifting around online. Some books even pointed out that even the JioCoin launching was stated to happen in 2018.
Cryptocurrency in the last couple of months has witnessed a surge, particularly with bitcoin rallying high from the electronic money industry.
Bitcoin, Ethereum, were one of the few cryptocurrencies that became quite well known in the electronic money industry.