Hub Culture takes global regulatory compliance seriously, and is working to develop and improve upon its world-class, blue chip standards in relation to the Ven digital currency. Since its inception, use and transfer of Ven has been limited to ensure customers, merchant-suppliers and Hub Culture itself fall within clear regulatory frameworks.
As use of the Ven currency grows, additional work is being done to manage a wide set of stakeholders on compliance matters. Ven account holders, customers or other concerned parties can file a question or complaint directly with Hub Culture via our Complaint Resolution and Contact Center .
Compliance Check List
As part of its global compliance programme, Hub Culture:
In connection with its Virtual Currency Business Activity, make, keep, and preserve all of its books and records in native file format The books and records maintained by Hub Culture, include:
(1) for each transaction, the amount, date, and precise time of the transaction, any payment instructions, the total amount of fees and charges received and paid to, by, or on behalf of Hub Culture. The names, account numbers, and physical addresses of the parties to the transaction are held by payment processors from which transactions are settled via credit card or paypal as a typical merchant retailer.
(2) a general ledger containing all assets, liabilities, capital, income, expense accounts, and profit and loss accounts;