InvestorQ : Why has SEBI asked investment advisors to avoid selling digital gold?
rhea Babu made post

Why has SEBI asked investment advisors to avoid selling digital gold?

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Riya Dwivedi answered.
2 months ago
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SEBI has instructed SEBI Registered Investment Advisers (RIA) to refrain from dealing in digital gold on any other such unregulated products. RIAs have been ostensibly providing a platform for investors to buy and sell digital gold and also recommending the product. SEBI has pointed out the digital gold units are not issued by any regulated entity. There is no way of checking gold backing of the digital gold units and also it does not classify as a security under SCRA.

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