Does your business accept cash and/or virtual assets valued at $10,000 or more when purchasing or selling precious metals, precious stones and/or precious products?
Further details:
- Precious metals include gold, silver, platinum, iridium, osmium, palladium, rhodium, ruthenium or an alloy with at least 2% weight of any of these substances.
- Precious stones include any substance that has a gem quality and market-recognised beauty rarity and value, such as pearls, diamonds and opals.
- Precious products include jewellery, watches and other personal adornments, and articles of goldsmith’s and silversmith’s wares that incorporate any precious metal and/or stone.
- Virtual asset is a broad concept that covers a wide range of digital representations of value including (but not limited to) digital currencies, non-fungible tokens (NFTs) and governance tokens.