JPMorgan warns that Wall Street's move to private blockchains for tokenization and payments could drain liquidity from Bitcoin and other public crypto assets. While banks build closed networks, Bitcoin's scarcity and independence offer a counter-narrative, potentially increasing its value as an asset outside institutional control.
Digital gold providers in India are increasing book audits and physical vault checks to boost transparency, as the sector gains 80 million customers. This self-regulatory move follows SEBI's observation of the sector being 'unregulated'.
India's digital gold sector is moving toward formal regulation after fintech founders met with finance ministry officials to highlight the industry's rapid growth. The sector handles approximately Rs 3,000 crore in monthly investments with total assets of Rs 15,000-20,000 crore. While regulators debate whether RBI or Sebi should oversee the space, industry players are forming a self-regulatory body called the Digital Precious Metal Council of India.
