Soon digital gold, along with crypto assets, will come under some regulatory oversight. There have been concerns over the unchecked growth in such investments
Digital gold to attract stricter norms
The government plans to address the issues of transparency, lofty promises by some firms. The government may amend the Sebi Act and Securities Contracts Regulation Act.This will categorize digital gold as a security.
Sebi in talks with the government
Sebi had barred registered brokers and investment advisers from offering digital gold. Sebi is in talks with the government to categorise digital gold as securities in the budget
