New Delhi, Nov. 18 -- The India Bullion & Jewellers Association (IBJA) reached out to the Securities and Exchange Board of India (Sebi), urging it to place digital gold providers under the markets regulator or any other suitable agency's supervision. The move is aimed at restoring investor confidence and ensuring industry legitimacy.

According to the report, the IBJA wrote to Sebi on 11 November, stating that several digital gold companies themselves want regulatory supervision to reassure consumers that they are not being misled.

"We have been approached by various 'digital gold' companies and they have shown their willingness to be regulated either through Sebi or any other regulator as suggested by you," the association wrote to Sebi...