Home / TECH SPACE / Fake news alert! Reliance Jio clarifies it has not launched any Jio Coin App for investments in cryptocurrencies
This is a fake news alert which will save a lot number of people from falling prey to rackets run by fraudsters. (Image Source: Financial Express)

Fake news alert! Reliance Jio clarifies it has not launched any Jio Coin App for investments in cryptocurrencies

This is a fake news alert which will save a lot number of people from falling prey to rackets run by fraudsters.

According to an official statement issued by Reliance Jio, 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 cryptocurrencies from people.

Reliance has clarified that there are no such apps offered by the company or its affiliates/associates. The official statement by Jio states, “Reliance Jio would like to inform the public and media that there are no such apps offered by the company or its affiliates/ associates. Any such apps using the JioCoin name are fake and people are advised to refrain from dealing with any of them.”

Reliance Jio says that the company is taking 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.

The clarification by Jio comes after a mobile app on Google store was seen with the name of Jio Coin published by Rellance Digital. The tagline of the app said “Jio Coin New Digital Currency for India”. The app had crossed 10,000 downloads by the time Jio issued the statement.

Noteworthy, in the last few years, a number of digital currency has entered into the market that are attracting investments from people. Most famous among these currencies have been Bitcoin which was trading at around Rs 14 lakh a unit last month but it has now receded to almost half. The Modi government has already warned people from investing in such virtual currencies.

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