SEBI’s caution on digital gold seen as positive move for fintech platforms

Market regulator Securities and Exchange Board of India (SEBI) has cautioned investors against investing in digital gold products offered by unregulated platforms, clarifying that such instruments do not fall under its regulatory framework. The regulator added that several fintech platforms and apps are selling gold digitally without any supervision, exposing investors to operational and counterparty risks.

According to SEBI, digital gold is different from gold exchange traded funds and electronic gold receipts which are regulated investment products….