Jio clears up that they have no application called 'JioCoin'

Jio clears up that they have no application called 'JioCoin'; encourages individuals to abstain from downloading such application

Jio in an elucidation has said that they have not propelled any application called JioCoin. The telecom mark has likewise said that it would make a legitimate move against the individuals who request to make ventures under their name.

In an announcement discharged by Reliance Jio, it stated: "Any such applications utilizing the JioCoin name are phony and individuals are encouraged to cease from managing any of them." Moreover, no partners or members of the organization are related to the JioCoin application. 

As of late, news reports about Jio's interest in digital currency were gliding about on the web. A few distributions even called attention to that the JioCoin dispatch was said to occur in 2018. 

Cryptographic money in a previous couple of months has seen a surge, particularly with bitcoin mobilizing high in the advanced cash advertise. In any case, it has not been affirmed by the pinnacle collections of the Indian government like the Reserve Bank of India. 

Aside from that, even Finance Minister, Arun Jaitley had said that digital forms of money like the bitcoin are not a lawful delicate. 

Bitcoin, Ethereum, were among the few cryptographic forms of money which turned out to be very famous in the computerized cash showcase.