Digital Gold Regulation: Sebi's Stance Prompts Industry Push for Self-Rule or Government Oversight

Overview

Following Securities and Exchange Board of India's (Sebi) warning that digital gold is not under its purview, the India Bullion and Jewellery Association (IBJA) has written to Sebi requesting regulation for the instrument. If Sebi declines, the digital gold industry plans to form a self-regulatory organization (SRO) and seek government approval to protect investors and weed out fraudulent players from the growing market.