RBI Warnings | Government Against Cryptocurrency – JIO is preparing to bring its own Cryptocurrency after making a success in telecommunications. Jio is preparing to bring JIO COIN just like Bitcoin.
Mukesh Ambani’s son will lead the team of members who are working on blockchain technology. According to the Live Mint report, there will be 50 young professionals in the Jio Coin team.
A person related to this case told that a team of 50 people will be formed. People in this team will be around 25 years old. This team will work on different products related to Blockchain.
The government and the RBI had issued warnings several times in the last few days. It said that bitcoin-like Cryptocurrency has not been recognized and investing in it can be risky.
Finance Minister Arun Jaitley had said
it is not a legally valid currency. No part of the government will be compensated by the people.