The jiocoin was quietly launched by Reliance. See the small news article below
What was surprising is that it was a very low-key announcement.
Considering that India’s largest name has done a First coin launch, there was no grand buildup to the event, no previous ads, no talk shows or even any youtube videos or teasers prior to the event. It was also quite unexpected, given the state of adverse crypto taxation, uncertain regulation, and the discouraging uncertainty filled bytes provided by the powers that be, from time to time.
So What prompted it ?
Trump’s (and Elon Musk’s )aggressive bitcoin stand, and the chance to pre-empt the obvious competition that this would cause in India sooner or later?
Most probably.
Why is this coin and event a masterstroke?
Let us see why.
