Digital Gold Platforms Band Together To Form New SRO

by · Inc42

SUMMARY

  • The SRO said that its first course of action would be to mandate all digital holdings to be backed by actual physical metal in a 1:1 ratio
  • The DPMACI also claims to be developing an ombudsman framework to resolve customer complaints within fixed timelines
  • This follows markets regulator SEBI earlier issuing an advisory in November, cautioning investors against unregulated digital gold platforms