Casa da Moeda to Launch Gold Traceability Platform

Leondaro Abdias, Director of Innovation and Market at the Brazilian mint, Casa da Moeda do Brasil (CMB), announced measures to combat illegal gold trade in Brazil during an event held in May titled ‘Ways of Gold: the Importance of Traceability to Prevent Illegality and Irregular Extraction’.

The event was organised by Correio Braziliense, the media house in Brazil, in support of CMB and attended by representatives of the government, the central bank, parliamentarians and researchers to find solutions against illegal gold mining in Brazil.

The CMB Secure Traceability Platform will begin to be implemented later this year. Through an application, the federal government will be able to monitor the transactions, the origin of gold, and other information. A valid Smart Tax Seal will be issued for each transaction, both domestically and abroad.