India moves to regulate digital gold as a security with physical backing rules

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The Indian finance ministry has reached out to regulators, banks, and other stakeholders seeking feedback on digital gold oversight. A broad consensus has emerged among these parties that digital gold should be classified as a security under the Securities Contracts (Regulation) Act, 1956. The move comes after warnings about unregulated digital gold products were raised with Sebi in 2025. Authorities are now working on a framework that would require physical backing for digital gold offerings. The proposed regulations aim to bring greater transparency and investor protection to the digital gold market.

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