The case
The Financial Market Authority of Liechtenstein (FMA) has clarified that the sale and safekeeping of physical precious metals do not require a license according to their legal framework.
Source: FMA
The commentary
This clarification entails that businesses and individuals engaged in mentioned activities are not required to seek authorisation from the FMA. Still, it is important to point out that this exemption does not relieve them from other regulatory responsibilities, particularly those related to anti-money laundering (AML) and counter-terrorism financing (CTF).
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