This is the legal crypto policy page for furtainment.com, it's accessible at https://furtainment.com/legal/crypto-policy/
Furtainment will never contact you directly to ask for a donation, or any wallet or crypto information, or ask you to login to any page or service to donate.
Please use reputable services and do due diligence before donating.
1. Purpose
This Crypto Donation Policy outlines the procedures and guidelines for Furtainment regarding the acceptance and processing of cryptocurrency donations. Furtainment aims to facilitate crypto donations while ensuring transparency, compliance, and accountability.
2. Acceptance of Cryptocurrency Donations
2.1 Cryptocurrencies Accepted: Furtainment currently accepts donations in the following cryptocurrencies: BTC, ETH.
2.2 Processing Account: All crypto donations will be processed through an account owned by Furtainment. The designated crypto donation account details will be made available on the official Furtainment website.
3. Donation Process
3.1 Donation Submission: Donors are encouraged to submit their crypto donations through the designated wallet addresses provided on the official Furtainment donation page at https://furtainment.com/donate/.
3.2 Conversion to Fiat Currency: Upon receiving crypto donations, Furtainment will convert the donated cryptocurrency to fiat currency promptly. This conversion will be conducted using reputable cryptocurrency exchanges at prevailing market rates.
3.3 Converted Fiat Currency will be held in an bank account until the end of the financial year where tax will be paid, and donations will be invested back into Furtainment and its subsidiaries.
4. Transparency and Reporting
4.1 Public Record: Furtainment will maintain a public record, accessible on its official website, detailing the total amount of crypto donations received and their corresponding fiat currency equivalent at the time of conversion to fiat currency.
4.2 Financial Reporting: Furtainment, as the parent company, will include a section in its financial reports outlining the crypto donations received and their utilization for Furtainment's projects and initiatives.
5. Risks and Disclaimers
5.1 Volatility Warning: Donors are advised that cryptocurrency values are subject to market volatility, and the actual value of their donation in fiat currency may fluctuate.
5.2 Tax Implications: Donors are responsible for understanding the tax implications of their crypto donations. Furtainment and its subsidiaries do not provide tax advice, and donors should seek professional guidance.
6. Contact Information
For inquiries or further information regarding crypto donations, please contact: [email protected]
This Crypto Donation Policy is subject to periodic review and updates. Any changes will be communicated on the official Furtainment website.
The Changelog for this page is accessible at https://furtainment.com/legal/crypto-policy/changelog.txt