Post
Topic
Board India
Re: Jiocoin! Light at the end of tunnel?
by
pakhitheboss
on 20/01/2025, 17:46:48 UTC
More over this thread is different from Jiocoin launch, the context of this thread is whether the Jiocoin is gonna change the future of Indian crypto policies just like what happened to data price when they come up with Jio. So I don't think as well this thread should be continued in the same thread.

I have serious doubts whether this step by Reliance Jio will affect the government's current policies. I do acknowledge the fact that Mukes Ambani is a pioneer who has taken risks and evolved as a winner. The data price war was something everyone still acknowledges within our country and the foreigners living/working in our country. That did not change any existing TRAI policy it was only fair for Jio to come up with a reduced data charge with the network they built and invested in. After that, we saw how Vodafone and Idea merged and invested heavily to upgrade their network, same for Airtel. The policies never changed but the situation got changed for the consumers who were rewarded with low tariffs.

I think his young kid Akash Ambani was involved in all these processes and took the lead for quite some time. I don't remember the exact timeline (Pre-covid or post covid) but he was very much vocal about jio ecosystem in regards to blockchain.

I was thinking about Anant Ambani as he is heading Jio and not Akash Ambani as he is into philanthropy projects like his mom. It is strange for me to think this guy was way more advanced than his brother in understanding the tech behind Bitcoin and crypto in general. As of now, this coin is not being traded on any exchange as per my research. Unless it gets listed it will be not easy to judge or understand how this coin will perform in the future.