In the wake of media reports mentioning the existence of JioCoin Apps, Reliance Jio has responded by stating that there is no app called JioCoin. “The company has come across reports in media and other websites about the existence of purported JioCoin Apps on the Internet that are soliciting investments in crypto currencies from people. Reliance Jio would like to inform the public and media that there are no such apps offered by the company or its affiliates / associates," said the company.
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The company categorical has mentioned that any such apps using the JioCoin name are fake and also advised people to refrain from dealing with any of them.
“Reliance Jio takes a serious note of such fraudulent attempts by unscrupulous persons to misguide the public in the name of Jio and reserves the right to take appropriate legal recourse," according to a statement.
With Finance Minister Arun Jaitley announcing that virtual currencies are no legal tender and that the proliferation of its use for illegitimate financing will be curbed, industry experts urged him to regulate, not curb, crypto currencies.
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"Crypto currencies are no legal tender and the government discourages its use. However, the government will look at the utilisation of Blockchain (a distributed digital technology that supports crypto currencies)," Jaitley said in his Budget speech in Parliament.
(With IANS inputs…)
(Disclaimer: News18.com is part of Network18 Media & Investment Limited which is owned by Reliance Industries Limited).
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