The dark clouds over digital gold10 min read 14 Nov 2021, 10:18 PM IST
With Sebi cracking down on fintechs that sell digital gold, will other unregulated assets soon be in the cross hairs
MUMBAI : Even within the move-fast-and-break-things world of India’s fintech services industry, the penultimate weekend of October was particularly rocky. “We had to shut down our fledging digital gold business over the course of a weekend," said the chief executive of a Mumbai-based financial services platform. “The customers who had invested had to be refunded (within a few days)," he added, requesting anonymity.
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