Brazil to implement new electronic surveillance system of all gold sales

BRASILIA, Feb 13 (Reuters) – Brazil’s central bank and other government agencies are studying the adoption of electronic tax receipts for buying and selling gold in order to track whether it was illegally mined, the bank said in documents published on Monday.

The move is aimed at cracking down on illegal gold mining that has led to the invasions of protected lands in the Amazon rainforest and indigenous reservations where wildcat miners have brought malaria, armed violence and malnutrition in a humanitarian tragedy.

https://www.msn.com/en-us/money/markets/brazil-central-bank-backs-electronic-receipts-to-crack-down-on-illegal-gold/ar-AA17rxfT