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Jio Coins | Inspired by Cryptocurrency, Reliance to introduce their own currency
A Mint report claims, the 50-member team mandate is working on block chain technology, which is being helmed by Akash, Ambani's elder son. The report comes at a time when Bitcoin has taken a major hit worldwide after South Korea reiterated a proposed ban on such venues, fueling concern that a crackdown will erode one of the world's biggest sources of demand for digital currencies.