An Indian mobile network operator, Jio Platforms which is owned by Asia’s richest person, Mukesh Ambani, has now partnered with Polygon Labs to upgrade some of its existing offerings with Web3 and blockchain capabilities.
According to information shared with Cointelegraph on Jan. 16, Reliance subsidiary Jio and Polygon Labs, the developer arm of Polygon Technology, entered into a strategic partnership for Jio’s Web3 and blockchain debut in India.
Polygon co-founder Sandeep Nailwal, while speaking to Cointelegraph said the partnership with Reliance Jio represents a significant step forward for Web3 adoption in India and a signal for the rest of the world to follow suit, He added,
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“Polygon Labs will support Jio and work closely to integrate blockchain across its various applications to unlock the potential of blockchain-based solutions.”
Polygon Labs will help Jio add Web3 capabilities to some of the existing applications and services, which currently cater to more than 450 million customers.
The CEO of Jio Platforms, Kiran Thomas shared his excitement “to explore the boundless possibilities of Web3 and bring unparalleled digital experiences” to their users.
Bitcoin Strategic Reserve Bill Introduced In Oklahoma
On Jan 15, a new bill to establish Bitcoin as a strategic reserve asset was introduced to the Oklahoma House of Representatives by State Representative Cody Maynard.
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The Strategic Bitcoin Reserve Act, also known as the House Bill 1203 will allow Oklahoma’s pension funds and state savings accounts to allocate a portion of their assets to Bitcoin BTC tickers down $99,761 as a hedge against inflation.
The state representative, Rep. Maynard said, “Bitcoin represents freedom from bureaucrats printing away our purchasing power.”
He continued:
“As a decentralized form of money, Bitcoin cannot be manipulated or created by government entities. It is the ultimate store of value for those who believe in financial freedom and sound money principles.”
Few US states have pending legislation to establish a Bitcoin strategic reserve, and several state pension funds have already diversified into Bitcoin as the digital asset gains mainstream, institutional adoption.
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Arkansas lawmakers float bill to ban crypto mining near military facilities
A new bill has been introduced by Arkansas lawmakers that would ban crypto mining operations within 30 miles of any US military facility in the state.
This Senate Bill (SB 60) was introduced by Senator Ricky Hill and House Speaker Brian Evans on Jan. 15. It aims to modify the Arkansas Data Centers Act of 2023 to keep crypto mining facilities away from military installations.
The bill includes military bases, camps, hospitals, clinics, and arsenals and restricts crypto mining within a 30-mile radius.
However, it also includes a grandfathering clause for facilities fully constructed and operational before Dec. 31, which will be allowed to continue.
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The legislation directly impacts the crypto mining facility in Lonoke County, located near Little Rock Air Force Base in Cabot, Arkansas. The facility is owned by Interstate Holdings, a Florida-based real estate investment firm.
