Sebi plans norms for digital gold trades

In May, Sebi had issued a consultation paper on the proposed exchange for trading in digital gold, and final regulations should be published soon.

Synopsis

The Securities and Exchange Board of India (Sebi) plans to regulate online trades in digital gold now sold by various fintech firms and brokerages, two people with direct knowledge of the matter told ET.

Mumbai: The Securities and Exchange Board of India (Sebi) plans to regulate online trades in digital gold now sold by various fintech firms and brokerages, two people with direct knowledge of the matter told ET.

The capital-markets watchdog is seeking to fill the regulatory vacuum in an asset class that’s becoming increasingly popular with new-age investors. Sebi plans to create a new framework through which registered brokers and market

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