{[{item.pair.split("_")[0]}]} ${[{item.price.toFixed(4)}]}
{[{item.change24}]}%
{[{item.change24}]}%
+ Become a member of Interactive Crypto
+ Create a FREE Interactive Crypto Account to Access Premium Content
We’re sorry, but the content you are trying to access is for members only.
CREATE ACCOUNT
August 13, 2019 |
Darryn Pollock | 0 Comments|368 Views
Get Into Cryptocurrency Trading Today
Indian mobile network operator, Reliance Jio, plans to roll out the country’s largest blockchain platform in a move that will be a big boost to both the country and the company. However, the general view in India is still strongly negative towards Bitocin and other cryptocurrencies.
India’s regulators have been mulling over what to do in terms of regulating cryptocurrencies in the huge nation, with the general sentiment pretty negative. The Indian Central Bank has suggested blanket bans, and the creation of its own cryptocurrency.
Now, with Jio looking to make a big blockchain play, it would appear that India is following a similar path to China in regards to its view on blockchain and Bitcoin. The Chinese have announced that as they forge ahead with blockchain, they are also launching their own cryptocurrency.
India, with its suggestion of a central bank run cryptocurrency and a big move by Jio to launch the blockchain project, seem to have shown their cards.
Jio is a large corporation in India, but has only been at the top of the tree for a short while. However, the company is looking to make some big moves, and these will incorporate Blockchain.
Reliance Industries plans to launch its fibre optic broadband business next month. This will be followed by an IoT platform in January next year and “one of the world’s biggest blockchain networks” in the next 12 months.
At the meeting, Chairman and Managing Director Mukesh Ambani stated;
“Over the next 12 months, Reliance Jio will install one of the largest blockchain networks in the world in India, with tens of thousands of nodes operational on day one”
This blockchain network is rumoured to be working with some pretty big hitters in the blockchain space, including tech giant’s Azure, Microsoft 365, and Microsoft AI platforms in an attempt to launch new cloud data centers across India.
Microsoft CEO Satya Nadella did not refer directly to blockchain but added;
“At Microsoft, our mission is to empower every person and every organization on the planet to achieve more. Core to this mission is deep partnerships, like the one we are announcing today with Reliance Jio. Our ambition is to help millions of organizations across India thrive and grow in the era of rapid technological change.”
Despite these big blockchain plans, Bitcoin and other cryptocurrencies remain entirely off the radar. The negative sentiment around such decentralized financial tools remains, but there has yet to be any clarity about the direction the government will go.
This is, in some sense, worse than if there was a full blanket ban as there would at least be some sort of clarity for those involved in crypto in India, but as it stands, the uncertainty leaves everyone directionless.
In China, it has been made clear that there is a ban on cryptocurrencies, but the focus is on blockchain, which has allowed the Chinese to lead the way in terms of blockchain innovation.
All COINS
TRENDING
WATCHLIST
Market Cap {[{ marketcap }]}
Symbol
Price
Change
Chart
Trade
{[{ item.pair.split('_')[0] }]}
${[{ item.price }]}
{[{ item.change24 }]}
{[{ item.change24 }]}
Market Cap {[{ marketcap }]}
Symbol
Price
Change
Chart
Trade
{[{ item.pair.split('_')[0] }]}
${[{ item.price }]}
{[{ item.change24 }]}
{[{ item.change24 }]}
India Shows it is ‘Blockchain over Bitcoin’ as Reliance Jio goes all in on Blockchain
Indian mobile network operator, Reliance Jio, plans to roll out the country’s largest blockchain...
Global Regulatory Framework for Digital Currency
The past few years have seen cryptocurrencies become integral to the economy. A decade ago,...
Italy Airport's Computers Used to Mine Ethereum
Everyone is looking to have a piece of the crypto market. Also, they are willing to go to...
Cryptos Might Die Soon Thanks to Central Banks Digital Currencies!
Cryptocurrencies have been the worst nightmare for the traditional economy. It has gained market...
Can I use Bitcoin on Amazon?
According to Forbes' latest rankings of the largest publicly traded retailers, Amazon emerged as...
1 DOGE to USD | What is Dogecoin, Exchange Rates?
Dogecoin (DOGE) is, according to the official website, a decentralized and “open-source...
Plus500
Risk warning: 80.5% of retail investor accounts lose money when trading CFDs with this...
EOS Price Soars by 30% as eosDAC Release Date Approaches
While cryptocurrencies have seen a severe slump in their values during last few months, against...
Best 10 Cryptos to Invest in 2020
Investing in crypto takes time. Besides being a new medium of exchange, several coins available...
Free & Fast BTC Mining
The more Bitcoin becomes popular, the more miners it attracts. Mining the coin comes with...
Should I Sell My Altcoins for Bitcoin?
What Are the Disadvantages of Bitcoin?
Does Apple accept Bitcoin?
Can I buy house with Bitcoin?
Can I transfer Bitcoin to my bank account?
Is Ripple The Cryptocurrency of 2018? - In Depth Review of Ripple XRP
What Is Ripple? / DefinitionRipple is a name for a cryptocurrency denoted by Ripple XRP and it's als...
Is IOTA Going to Overtake Bitcoin and Other Cryptocurrencies? - IOTA (MIOTA)Review
Verge Review
Binance Review
Dogecoin Review
LegacyFX
Many forms of cryptocurrency and altcoin trading are available in today’s financial markets. A...
Excentral
Risk warning: CFDs are complex financial products. They have a speculative character. Trading in...
EagleFX
EagleFX is one of the latest forex trading brokerages to join the sector. It got founded back in...
Vantagefx
VantageFX is a leading Australian forex broker that specializes in ensuring the complete and ful...
Xtrade
Xtrade is one of the most popular financial trading sites in the world. Started over a decade ago, t...
Mobi
Are you someone who makes international payments regularly using Bitcoin? Or do you travel a lot and...
Bitcoin.com
Bitcoin.com is a free downloadable Bitcoin wallet that allows users to trade and receive Bitcoins. T...
BTC.com
Created by Bitmain in 2016, BTC.com is a leading open-source Bitcoin and Bitcoin Cash storage platfo...
Cryptopay.me
Updated, Apr 04, 2020 Cryptopay is a revolution for Bitcoin users. This platform offers its custo...
Mycelium
MyCelium is an application for Mobile that offers many possibilities of security and confidentiality...
COMMENTS
0 Comments
Like this article