NSE bans members from selling digital gold after Sebi flags concerns
August 25, 2021 2021-08-25 20:34NSE bans members from selling digital gold after Sebi flags concerns
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]