Mukesh Ambani’s Jio Financial Services (JFS) is promoting blockchain adoption and exploring central bank digital currencies (CBDCs) to aid digital inclusivity and financial growth in India. JFS aims to deliver blockchain-based products while ensuring utmost security, regulatory compliance, and customer data protection.
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Riding the Digital Wave: Reliance Industries, Blockchain & CBDCs – Bold Innovation or Risky Move?
“Reliance Industries Ltd. plans to venture into blockchain platforms and central bank digital currencies with its new entity, Jio Financial Services. Despite possible risks and uncertainties, the company aligns with India’s digital financial future, emphasizing security and regulatory adherence.”
Unlocking Digital Investments in India: BlackRock, Jio, and the Curious Case of Missing BTC
“Global investment firm BlackRock and Jio Financial Services collaborate to form ‘Jio BlackRock’, investing $150 million each towards providing digital-first investment solutions for Indian investors. Yet, despite prior crypto involvement, BlackRock remains undecided about incorporating cryptocurrencies like Bitcoin into this venture.”