In an attempt to curb illegal gold digging, gold trading will require electronic invoicing

The Federal Revenue Service published a normative instruction that determines the issuance of an electronic invoice for gold trading. The measure represents an important step to combat illegal mining, because the previous instruction, from 2001, allowed manual issuing, which facilitated fraud in the market.

The new rule was the result of work by the Brazilian Mining Institute and the Instituto Escolhas, among other organizations. The next step is the approval of a draft in Congress that ends the principle of good faith, used for gold laundering, by requiring proof of the legal origin of the product.