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Mumbai: The Securities and Exchange Board of India (SEBI) has issued a warning to investors regarding “digital gold” or e-gold products available online, stating that all such offerings operate outside the securities regulatory framework and hold significant risks for investors.

This situation may expose buyers to considerable counterparty and operational risks, as these products are neither classified as securities nor regulated as commodity derivatives.

“It has come to the notice of SEBI that some digital/online platforms are offering investors to invest in ‘Digital Gold/E-Gold Products’. Digital Gold is being marketed as an alternative for investment in physical gold,” the market regulator said in a statement.

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