Whalesbook
The India Bullion & Jewellers Association (IBJA) has formally requested the Securities and Exchange Board of India (Sebi) to establish a regulatory framework for digital gold providers. This move aims to enhance customer safety and address concerns stemming from the current lack of clear oversight. Digital gold's popularity, driven by young investors seeking low-cost, easily tradable assets, has highlighted the need for regulatory clarity, as existing frameworks do not classify these products as securities or commodity derivatives.