India's Digital Metals Sector Launches Self-Regulatory Council to Enhance Transparency
India's digital precious metals sector has established a self-regulatory body, the Digital Precious Metals Assurance Council of India (DPMACI), to standardize practices and enhance consumer protection. This industry-led initiative aims to improve transparency and introduce common operational standards for digital gold and silver platforms. Key players in the ecosystem, including MMTC-PAMP, SafeGold, and PhonePe, are part of this council. The framework includes guidelines for physical backing of digital holdings, audit requirements, and custodial arrangements. An ombudsman mechanism is also planned to address customer grievances. 
