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The Securities and Exchange Board of India (Sebi) has warned investors who are investing in ‘Digital Gold/E-Gold products’ offered by digital/online platforms, which are being marked as an alternative for investment in physical gold. In a notification on November 08, the market regulator calls these products ‘unregulated’ and ‘operate entirely outside the purview of Sebi’.

“…it is informed that such digital gold products are different from SEBI regulated gold products as they are neither notified as securities nor regulated as commodity derivatives," Sebi informs in the notification.

It simply means that if, by chance, these online/digital platforms default on investors’ investments via Digital Gold/E-Gold products, then they don’t have the regulator’s protection

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