India digital gold leaders form new SRO to enforce 1 to 1 metal backing and audits

They will require every digital holding to match

India’s major digital gold platforms have formed a new self-regulatory organisation, DPMACI, aiming to tighten transparency and consumer protection. The council plans strict operational guardrails, mandating digital holdings be backed by physical metal in a 1:1 ratio, with periodic third-party audits. It also says it is building an ombudsman framework to resolve complaints within fixed timelines—amid ongoing regulatory scrutiny.