Sebi’s ‘digital gold’ warning: Companies bat for regulatory supervision — ‘100% backed by physical gold’
The India Bullion & Jewellers Association (IBJA) reached out to the Securities and Exchange Board of India (Sebi), urging it to place digital gold providers under the markets regulator or any other suitable agency’s supervision. The move is aimed at restoring investor confidence and ensuring industry legitimacy.
According to the report, the IBJA wrote to Sebi on 11 November, stating that several digital gold companies themselves want regulatory supervision to reassure consumers that they are not being misled.
