Brazilian authorities propose to tokenize mined gold
The upcoming bill involves the implementation of trading operations with precious metals into the blockchain
13.08.2022 - 09:45
504
1 min
0
What’s new? The Brazilian government is drafting a bill under which all gold mined in the country will be tokenized. According to local media outlet Boletim Bitcoin, the document aims to establish new rules for trading operations with gold, which will then be registered on the blockchain. The draft was introduced by Federal Representative Joenia Wapichana, who noted that about half of the precious metal’s production comes from illegal operations.
What else is known about the new bill? Brazil’s National Mining Agency will implement a single digital security system. Also, all gold buying and selling transactions will be put on the blockchain. This system will create special alerts to verify the legitimacy of transactions. Technical details on the implementation of the project have not yet been reported.
In June, the Central African Republic (CAR) reported plans to tokenize access to its natural resources. President Faustin-Archange Touadéra said that the authorities would offer this service to all crypto projects that operate in the country. Also in late April, the CAR National Assembly passed a bill recognizing bitcoin as a legal tender. According to the authorities, this decision will help rebuild the country’s economy.
Useful material?
Telegram 
Twitter Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$97 179
BTC
+3.15%
-
Ethereum
$3 330.18
ETH
+7.56%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.11
XRP
+1.4%
-
Dogecoin
$0.383233
DOGE
+0.63%
-
Cardano
$0.787161
ADA
-4.56%
-
Bitcoin Cash
$481.25
BCH
+8.3%
-
Polkadot
$5.79
DOT
-0.3%
-
Stellar XLM
$0.238659
XLM
-6.38%
-
Litecoin
$88.24
LTC
+4.18%