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(Kitco News) - The digitization of the gold market could revolutionize Brazil 's mining sector, according to one federal politician and indigenous activist.
Earlier this month, Brazilian Federal Deputy Joenia Wapichana submitted a bill in the House of Deputies proposing to use blockchain technology to track domestically produced gold and precious metals.
In a translation from Portuguese, the proposed legislation: "establishes new parameters for the purchase, sale and transport of gold in the national territory as well as defines administrative and criminal offenses and respective sanctions."
According to CryptoSlate.com, Wapichana said her bill would also help combat illegal mining activities within the country.
Wapichana noted that roughly half of the country 's gold is mined illegally. She also added...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...