India’s Web3 landscape is entering a new phase. Reliance Jio has begun testing “JioCoin” on Polygon, marking one of the clearest signs yet that large Indian enterprises are preparing for on-chain consumer applications.

This comes at the same time as Coinbase reopening user registrations in India after a long pause & announcing an INR-to-crypto fiat ramp for 2026. Adding to this momentum, the Government of Karnataka has signed an MoU with Coinbase to boost cybersecurity, startup support & blockchain innovation.

Together, these updates show a coordinated shift across enterprise, global platforms & state ecosystems.

• JioCoin Testing on Polygon
• Coinbase Reopens User Registration
• Karnataka–Coinbase Innovation Partnership

JioCoin Testing on Polygon

Reliance Jio has started a controlled test of JioCoin, using Polygon’s scalable environment to evaluate token issuance, settlement speed & integration potential across consumer apps. Polygon has become a preferred environment for high throughput pilots, demonstrated earlier in record stablecoin transfers.

Early signals indicate Jio is exploring use cases like loyalty rewards, identity layers & in-app micro transactions. Even a limited rollout could introduce millions of users to on-chain interactions.

Coinbase Reopens User Registration

Coinbase has quietly resumed onboarding Indian users after halting new registrations in 2022. The exchange also confirmed plans for a 2026 INR-to-crypto ramp, which would allow direct rupee conversion into digital assets through a compliant pathway.

These steps follow a year of stronger domestic oversight & global regulatory alignment. EtherWorld recently reported on India’s enforcement data & reporting requirements.

Coinbase’s return signals renewed confidence in India as a long-term growth market.

BREAKING: 🇮🇳 Karnataka signs MoU with Coinbase to supercharge on-chain innovation, support new startups and boost cybersecurity. pic.twitter.com/x6vmHnwAVQ— Crypto India (@CryptooIndia) December 5, 2025