<ul><li>Mukesh Ambani, CEO and Managing Director of Reliance Industries, is reportedly planning to enter the crypto space in India with JioCoin.</li><li>JioCoin is a rewards-based token built on Ethereum's layer 2 blockchain and aimed at incentivizing users by interacting with Jio's platforms.</li><li>Reliance's partnership with Polygon Labs for JioCoin indicates a significant step forward for web3 adoption in India.</li><li>However, despite high taxation and regulatory hurdles, JioCoin could boost crypto adoption in India, leveraging Jio's massive user base and Polygon's layer 2 solutions.</li></ul>

India Curiously Optimistic About JioCoin Amidst High Taxation

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