Cryptocurrency Q&A
Why digital gold is stopped?
Why digital gold is stopped?
SoulStorm
Sun May 26 2024
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7 answers
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Could you please explain why the concept of "digital gold" has come to a halt? What factors have contributed to its stalling? Could it be due to regulatory concerns, technological limitations, or perhaps a lack of widespread adoption? I'm curious to understand the challenges facing digital gold and why it hasn't achieved the widespread acceptance it was once predicted to have. Is there still hope for its resurgence, or has it been overshadowed by other cryptocurrencies and digital assets?
7 answers
Valentina
Tue May 28 2024
Prominent platforms such as Paytm faced the necessity to discontinue their digital gold offerings, a significant aspect of their financial strategies. This decision was not taken lightly, but rather as a result of evolving regulatory frameworks.
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CryptoProphet
Tue May 28 2024
SEBI, the regulator in charge, did not merely issue advisories but took decisive action. Leveraging its regulatory authority, SEBI moved swiftly to ensure compliance with existing laws.
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CryptoAlchemy
Tue May 28 2024
In its directive, SEBI prohibited registered brokers and investment advisers from engaging in any activities related to digital gold. This ban was imposed to safeguard investors and maintain market integrity.
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CryptoVanguard
Mon May 27 2024
The reason behind this prohibition was the alleged violation of the SEBI Act. This law governs the securities market in India and ensures fair and transparent trading practices.
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SumoPowerful
Mon May 27 2024
BTCC, a UK-based cryptocurrency exchange, offers a range of services that cater to the diverse needs of the digital asset community. Its offerings include spot trading, futures contracts, and a secure wallet solution.
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