NSE bans members from selling digital gold after Sebi flags concerns

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NSE bans members from selling digital gold after Sebi flags concerns

  • The direction came after capital markets regulator Sebi said that certain members are providing a platform to their clients for buying and selling digital gold.
  • There is no method to check whether the digital gold certificate is backed with physical gold or not.
  • Some jeweller firms like Titan and banks were known for selling digital gold.

[Via]

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