Digital gold may face RBI, Sebi oversight
New Delhi: The government has begun discussions on tightening the rules for digital gold, including requiring every unit to be backed by physical bullion and bringing the product under the joint oversight of the central bank and the securities market regulator, people familiar with the matter said.The finance ministry has sought views from regulators, banks and other stakeholders and the broad consensus is that digital gold should be recognised as a security under the Securities Contracts (Regulation) Act, 1956, they said.Also Read: Retailers push back against proposed 0.4% MDR on UPI transact