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Title: [2018-01-12] Indian Industry Giant Reliance to Start its own Cryptocurrency Post by: neerv on January 12, 2018, 08:55:22 PM Given the influence Reliance has over the Indian government and even general population, this move might just lead to an improved acceptance of Cryptocurrencies in India. I won't be too hopeful for the "JioCoin" itself though!
http://www.livemint.com/Companies/AzdrYmQhYnq0TPiDUbZcSO/Reliance-Jio-planning-its-own-cryptocurrency-called-JioCoin.html (http://www.livemint.com/Companies/AzdrYmQhYnq0TPiDUbZcSO/Reliance-Jio-planning-its-own-cryptocurrency-called-JioCoin.html) Title: Re: [2018-01-12] Indian Industry Giant Reliance to Start its own Cryptocurrency Post by: jjacob on January 12, 2018, 10:05:23 PM Given the influence Reliance has over the Indian government and even general population, this move might just lead to an improved acceptance of Cryptocurrencies in India. I won't be too hopeful for the "JioCoin" itself though! http://www.livemint.com/Companies/AzdrYmQhYnq0TPiDUbZcSO/Reliance-Jio-planning-its-own-cryptocurrency-called-JioCoin.html (http://www.livemint.com/Companies/AzdrYmQhYnq0TPiDUbZcSO/Reliance-Jio-planning-its-own-cryptocurrency-called-JioCoin.html) If a big corporate company lobbies with the government, it will be to shut down other cryptocurrencies so that it can have a monopoly. Reliance certainly will have no qualms about trying to queer the regulatory pitch for competitors. And since cryptocurrencies already have a negative connotation in the minds of Indian politicians, they will be eager to legislate against decentralized cryptos. |