Reliance Jio Launches JioCoin with Polygon Labs, Invests $1.4 Million in New Mutual Fund Venture

Reliance Jio has announced a collaboration with Polygon Labs to launch JioCoin, marking the company's entry into the cryptocurrency market. The initiative has garnered attention, with discussions surrounding JioCoin's potential as a new cryptocurrency in India. Additionally, Jio and BlackRock have invested $1.4 million in a new mutual fund venture, further indicating Reliance's expanding financial footprint. The launch of JioCoin has raised questions about its implications for the Indian cryptocurrency landscape, with various sources highlighting its significance in the evolving digital currency space.