I don't think so RELAINCE has reputation in market and they will surely maintain it in crypto-market also. They are planning to form their own block chain and soon will announce the concept.
Best part is that if JIO launches its own crypto-coin then we INDIANS have not to worry about the legality of cryptocurrency in INDIA. JIO will surely get a overwhelming response as it would the only INDIAN coin with a already having a good brand value with it.