The Securities and Exchange Board of India (SEBI) has issued a public advisory cautioning investors against dealing in unregulated digital gold products offered through various online platforms. The market regulator emphasized that these offerings are not under SEBI’s oversight, posing potential risks to investors.
SEBI’s warning highlighted the lack of investor protection mechanisms for such digital gold investments. The regulator clarified that these products, including digital gold and e-gold, are not regulated by SEBI, leaving investors vulnerable to risks associated with unregulated investments.
Specifically, SEBI pointed out that popular sellers like Tanishq and MMTC are among the key providers of digital gold products, urging investors to exercise caution when considering such investments. The cautionary statement from SEBI came after observing online platforms promoting digital gold as an easy alternative to traditional gold investments.
Market regulator SEBI emphasized that digital gold products differ from SEBI-regulated gold products and carry significant risks due to their unregulated nature. The regulator’s advisory serves as a warning to investors, urging them to be wary of investing in digital gold or e-gold products that fall outside the regulatory framework.
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