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

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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 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.