Terms & Policies

Find all the essential information in regards to terms and policies at LUMEN.

Legal FAQ

Does company has authorization to provide its services?

Yes,LUMEN operates under proper authorization and regulatory compliance. We maintain all necessary licenses and registrations required to provide cryptocurrency payment services in the jurisdictions where we operate.

Is your company subject to the supervision of any prudential regulatory authority? +

Yes, LUMEN is subject to regulatory supervision by relevant financial authorities in the jurisdictions where we operate. We maintain compliance with all applicable financial regulations and undergo regular audits and examinations.

Is the company subject to AML/CTF compliance? Please identify the applicable AML/CFT laws? +

Yes,LUMEN is fully compliant with Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) regulations. We adhere to applicable laws including the Bank Secrecy Act (BSA), EU's 5th Anti-Money Laundering Directive, and other relevant AML/CFT frameworks in our operating jurisdictions.

Who do I contact if I have a dispute with LUMEN or for other legal matters? +

For legal disputes and matters, please contact our legal team through the "Contact Our Legal Team" section above. You can reach out for legal inquiries, complaints, data protection matters, or any other legal concerns. We are committed to resolving all matters promptly and professionally.

For how long personal data is retained by LUMEN? +

LUMEN retains personal data only as long as necessary for the purposes for which it was collected, or as required by applicable laws and regulations. Generally, we retain customer data for a period of 7 years after the termination of the business relationship, in accordance with AML and record-keeping requirements.

What is the MICA regulation? How it affect crypto companies? +

MiCA (Markets in Crypto-Assets) is the EU's comprehensive regulatory framework for crypto-assets. It establishes uniform rules for crypto-asset service providers, including licensing requirements, operational standards, and consumer protection measures. LUMEN is preparing for full MiCA compliance to ensure continued operations in the European market.