Subject to Section 17 of the USDC Terms, Section 16 of the Bridged USDC Terms, and Section 17 of the Euro Coin Terms (as applicable), we reserve the right to change, suspend, or discontinue any aspect of the Services or the Platform at any time, including hours of operation or availability of any feature, without notice and without liability. any Restricted Persons or persons or entities located in Restricted Territories (as each term is defined in Section 35); weapons of any kind, including but not limited to firearms, ammunition, knives, explosives, or related accessories; controlled substances, including but not limited to narcotics, prescription drugs, steroids, or related paraphernalia or accessories, unless possession of and transactions involving such controlled substances are authorized by the jurisdiction in which the User is based as well as by the jurisdiction in which the transaction takes place, and provided any such transactions comply with all applicable law; gambling activities including but not limited to sports betting, casino games, horse racing, dog racing, games that may be classified as gambling (i.e. Circle reserves the right to change the deposit, withdrawal, storage, transfer, and velocity limits on your Circle Account as we deem necessary. Maine Department of Professional & Financial Regulation Bureau of Financial Institutions, Maryland Money Transmitter License, 1201441, Maryland Commissioner of Financial Regulation. In certain cases, taking one or more of these actions may result in a forfeiture of some or all of your assets held with Circle. your employees) (such persons, "Additional Users"). If Circle is holding funds in your Invest Account, and Circle is unable to contact you and has no record of your use of the Services for several years, applicable law may require Circle to report these funds as unclaimed property to the applicable jurisdiction. Any other use of the Services or the Platform is expressly prohibited. estrie covid cases. If you have a complaint, please first contact Circle Internet Financial, LLC at (888) 762-4966, visit the Circle Support Portal, or by mail at 99 High Street, Suite 1801, Boston, MA 02110. You represent and warrant that all information provided to us pursuant to this Agreement is true, accurate and not misleading in any respect. If an Unauthorized Supported Digital Currency Transaction (as defined below) or Error (as defined below) occurs through your Circle Account, and you follow the procedures set forth in this Section 24, Circle will reimburse you for the amount of any eligible Unauthorized Supported Digital Currency Transaction and any losses resulting from an Error, subject to the limitations set forth in this Section 24. USDC's market value surged after the SPAC merger was first announced. Become a partner. Each phone number and website for the states are listed in our Search Your State section. Note that in the event of a fork of a Supported Digital Currency, Circle may be forced to suspend all activities relating to such Supported Digital Currency (including both buying and selling) for an extended period of time until Circle has determined in its sole discretion that such functionality can be restored (Downtime). The Maryland Department of Labor, Licensing and Regulation does not currently license or regulate services related to virtual currency including but not limited to transmission or exchange which may be conducted by Circle. Based on our use of our security controls, it may be necessary for us to retrieve private keys or related information from offline storage in order to facilitate certain transactions in accordance with your instructions, and you acknowledge that this may delay the initiation or crediting of such transactions. In the event that you change or deactivate your mobile telephone number, you agree to promptly update your account information to ensure that your messages are not sent to any person who might acquire your old number. States have established processes whereby legal owners of assets . Georgia Seller of Payment Instruments License, 42767 (NMLS# 1201441), Georgia Department of Banking and Finance, Idaho Department of Finance Securities Bureau, Illinois Money Transmitter License, MT.0000276, Illinois Department of Financial and Professional Regulation. The Bridged USDC Terms are incorporated herein by reference. Illinois customers with questions about compliance with the Illinois Transmitter of Money Act may contact the Illinois Department of Financial Institutions Currency Exchange Section at (888) 298 8089 (toll-free). However, your transaction history is always available on Circle. USDC is supported on multiple blockchains, including, for example, on Ethereum as an ERC-20 token, on Algorand as an ASA token, on Solana as an SPL token, and on other blockchains as well (each, a USDC Supported Blockchain). Circle may, in its discretion, grant access to your Circle Account and some or all of the Services to other persons at your firm (e.g. For the purpose of this Section 22, the term losses means all net costs reasonably incurred by us or the other persons referred to in this Section which are the result of the matters set out in this Section 22 and which may relate to any claims, demands, causes of action, debt, cost, expense or other liability, including reasonable legal fees (without duplication). Unclaimed Money and Unclaimed Property Search Resources. From time to time we may be required to request further information or review or update existing information regarding your account or your transactions to comply with applicable laws and regulation, and in some cases, payment network or ACH rules. to an evolving regulatory environment. It includes dormant savings accounts and CDs, life insurance payments, death benefits, uncashed utility dividends and the contents of abandoned safe deposit boxes. ACCORDINGLY, SOME OF THE LIMITATIONS SET FORTH ABOVE MAY NOT APPLY TO YOU. From the time of the announcement until early November, when the FTX collapse began, USDC lost $10 billion in market value. Please note the following disclosures associated with virtual currency: Additionally, the following further disclosures are applicable to Circles virtual currency customers: North Carolina Money Transmitter License, 161915, North Dakota Money Transmitter License, MT102734, North Dakota Department of Financial Institutions, Oklahoma - DOB Money Transmission License, Oregon Money Transmitter License, MTX-30151, Pennsylvania Department of Banking and Securities, Puerto Rico Money Transmitter License, TM-054, Puerto Rico Office of the Commissioner of Financial Institutions, Rhode Island Currency Transmitter, 20203910CT, Rhode Island Department of Business Regulation, South Carolina - AG Money Transmitter License, South Carolina Office of the Attorney General, South Dakota Money Transmitter License, 1201441.MT, South Dakota Department of Labor Regulation & Regulation Division of Banking, Tennessee Money Transmitter License, 1201441, Tennessee Department of Financial Institutions. Unauthorized and Incorrect Transactions, Unauthorized and Incorrect Supported Digital Currency Transactions. Not all Supported Digital Currencies are available for use in, or are compatible with, all of our Services. Bob had an estranged uncle who no one had spoken to in over a decade. If we have already provisionally credited your Circle Account and determine that your claim of an Unauthorized Supported Digital Currency Transaction or Error is not valid and/or eligible, the amount provisionally credited will be debited from your Circle Account. Circle is not responsible for any charges that you incur based on delayed processing of deposits or withdrawals that might result from overdraft fees or otherwise. What happens if I lose/change my device? you will not be using the Circle Account and Services for any illegal activity, including, but not limited to, illegal gambling, money laundering, fraud, blackmail, extortion, ransoming data, terrorism financing, other violent activities or any prohibited market practices, including, but not limited to, those listed under Section 20. violate (or assist any other party in violating) any applicable law, statute, ordinance, or regulation; intentionally try to defraud (or assist in the defrauding of) Circle or other Circle Users; provide false, inaccurate, or misleading information; take any action that interferes with, intercepts, or expropriates any system, data, or information; partake in any transaction involving the proceeds of illegal activity; transmit or upload any virus, worm, or other malicious software or program; attempt to gain unauthorized access to other Circle Accounts, the Circle website, or any related networks or systems; use the Services on behalf of any third party or otherwise act as an intermediary between Circle and any third parties; collect any User information from other Circle Users, including, without limitation, email addresses; defame, harass, or violate the privacy or intellectual property rights of Circle or any other Circle Users; or. So crooks take advantage that there really is such money out there.. Erroneously transmitted funds will be lost. We are disappointed the proposed transaction timed out, however, becoming a public company remains part of Circles core strategy to enhance trust and transparency, which has never been more important, says CEO Jeremy Allaire. Circle Payments, LLC's licensed activity is limited to fiat offerings in the state of California and is not inclusive of digital assets offerings. Please note that the license issued to Circle by the Maryland Department of Labor, Licensing and Regulation does not cover the exchange or transmission of virtual currency. The Kentucky Department of Financial Institutions does not currently license or regulate services related to virtual currency including but not limited to transmission or exchange which may be conducted by Circle. The market increased two-fold in size again in the six months to follow as the demand for a price-stable digital currency ballooned as the COVID-19 pandemic . If any provision of this Agreement shall be adjudged by any court of competent jurisdiction to be unenforceable or invalid, that provision shall be limited or eliminated to the minimum extent necessary so that this Agreement shall otherwise remain in full force and effect and remain enforceable between the parties, except as specified in Section 27. If you question the authenticity of a communication purporting to be from Circle, you should login to your Circle Account directly through the Services website or related mobile application, if any, and not by clicking links contained in emails. When registering your Circle Account, you must provide current, complete, and accurate information for all required elements on the registration page, including your full legal name and the legal name of your organization. For purposes of this Section 24, Unauthorized Supported Digital Currency Transaction means any transaction that was initiated from your Circle Account without your authorization and that does not benefit you. In certain circumstances, Circle may deem it necessary to report such suspected illegal activity to applicable law enforcement agencies and you may forfeit any rights associated with your Supported Digital Currency. This return came on the back of revenue and interest income of $274 million. The nature of virtual currency may lead to an increased risk of fraud or cyber attack and your virtual currency value may be irretrievably stolen. As unclaimed money and property awareness comes more and more into the forefront, so do scammers looking to make a quick buck. We will also communicate with you in English for all matters related to your use of the Services. Press Visit our Pressroom for company updates, press releases, coverage, downloads and more. For example, if you select an Ethereum wallet address to receive funds, you attest that you are initiating an Inbound Transfer of Ethereum alone, and not any other Digital Currency. All right, title, and interest in and to the Circle website, any content thereon, the Services, and all technology and any content created or derived from any of the foregoing is the exclusive property of Circle and its licensors. Circle is proud to partner with leading players in the blockchain, payments and technology ecosystems. The USDC Terms, Euro Coin Terms, and Bridged USDC Terms which are described more fully below, apply to your US Dollar Coin (USDC), Bridged USDC, Euro Coin (EUROC) and your Circle Account, as applicable. Error. Circle is not a Qualified Custodian pursuant to 17 C.F.R. Are other banks to follow? You agree, represent, and warrant that all Inbound Transfers are not the direct or indirect proceeds of any criminal or fraudulent activity. You agree to (i) notify Circle immediately if you become aware of any unauthorized use of your Circle Account, the Services, or any other breach of security regarding the Services, your Circle Account or the Platform. For the avoidance of doubt, such terms will not be set forth in this Agreement. "There is legitimately unclaimed property being held by states - a total of about $42 billion. Circle may also be forced to freeze and potentially surrender Supported Digital Currency in the event it receives a legal order from a valid government authority requiring it to do so. If your issue is unresolved by Circle Internet Financial, LLC., (888) 762-4966, please submit formal complaints with the State of Alaska, Division of Banking & Securities. Learn about careers at Cox Media Group. If you do not provide such additional information, it may inhibit our ability to resolve your issue or limit your rights under this Section 24. Circle is a global financial technology firm that's at the center of digital currency innovation and open financial infrastructure. You also agree to provide us, when registering a Circle Account and on an ongoing basis, any additional information we request for the purposes of identity verification and the detection of money laundering, terrorist financing, fraud, or any other financial crime. Enter your name below to see if you have any unclaimed property due to you: The Services are subject to economic sanctions programs administered in the countries where we conduct business, including but not limited to those administered by the U.S. Department of Treasurys Office of Foreign Assets Control (OFAC), pursuant to which we are prohibited from providing services or entering into relationships with certain individuals and institutions. The Better Business Bureau hasissued a warning about an unclaimed property scam that may look legitimate. Virtual Currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to Federal Deposit Insurance Corporation or Securities Investor Protection Corporation protections. We reserve the right to maintain your account registration information after you terminate your Circle Account for business and regulatory compliance purposes, subject to applicable laws and regulation. You may have additional refund or chargeback rights under your agreement with the recipient of such funds, your financial institution, or applicable law. A favorable exchange rate at the time of exchange can result in a tax liability. We will enforce the law where we find systemic noncompliance or fraud." Click here for details See all additional business information Contact Information 99 High St Ste 1701 Boston, MA 02110-2346. All states offer free searching and claiming when it comes to the unclaimed cash and property they hold. Circle will not provide periodic account statements to you. The Maryland Commissioner of Financial Regulation will accept all questions or complaints from Maryland residents regarding Circle Internet Financial, LLC (NMLS#1201441) at 1100 North Eutaw Street, Suite 611, Baltimore, MD 21201, Toll-Free Number 1-888-784-0136. A list of USDC Supported Blockchains, Supported L2 Networks, and EUROC Supported Blockchains is available here. If we need to take more than ten (10) days to investigate your claim (or thirty (30) days for new accounts), we will provisionally credit your Circle Account with the amount of such Unauthorized Supported Digital Currency Transaction or Error. By granting Circle a license, the Florida Office of Financial Regulation is not endorsing the use of digital or virtual currencies. Circle may, from time to time, disclose information concerning your Circle Account to third parties. This Circle Account User Agreement (this Agreement) is a contract between you (you or a User) and Circle Internet Financial, LLC (Circle, we, or us) that applies to your use of a Circle account with Circle (your Circle Account). Circle Pay End of Life; Having issues? status and are not covered by deposit protection insurance. Additional terms and conditions apply to such services. Notifying Circle of an Unauthorized Supported Digital Currency Transaction or Error, Steps Circle Will Take Following Notification, Your Liability for Unauthorized Supported Digital Currency Transactions, Colorado Department of Regulatory Agencies Division of Banking. Postal Service to Circle Internet Financial, LLC, PO Box 52235, Boston, MA 02205. Please visit Circle Support here or contact Circles Support Team at customer-support@circle.com to report any violations of this Agreement or to ask any questions regarding this Agreement or the Services. The letterhead looks official and even the website is convincing, butHutchison saidthe letter is the work of a scammer. First off, your money is yours and you dont have to pay anyone to search, claim, or collect it. These standards are designed to prevent the use of the Services for money laundering or terrorist financing activities. USDC's market value was much lower the last time bitcoin was below $17,000. The Euro Coin Terms are incorporated herein by reference. Something has gone wrong. I had an uncle named Robert Hutchinson who dropped out of the family about 15 years ago, he said. Illustration by Fernando Capeto for Forbes; Photos by jcrosemann/Getty vImages; Fotogramma/Splash News/Newscom. The Circle website may also contain links to third party websites, applications, events or other materials (Third Party Content). By agreeing this this Agreement, you agree to resolve all disputes, except as otherwise set forth in Section 26, through binding individual arbitration, which means that you waive any right to have the dispute decided by a judge or jury, and you waive any right to participate in collective action, whether that be a class action, class arbitration, or representative action. Except as may be otherwise agreed in writing between you and Circle, none of the Supported Digital Currencies in your Hosted Wallet are the property of, or shall or may be loaned to, Circle. You can also access the record of transactions in your Circle Account by logging into your Circle Account. To the extent that you choose to have Additional Users have access to the Circle Account, you will have to designate those Additional Users and manage their access to your account. Circle is not a digital custodian as such term is defined by the Nevada Financial Institutions Division. Operating a stablecoin can be a profitable business. If such a determination is made, we reserve the right to dispose of these funds in accordance with applicable laws and regulations and in our sole discretion, which may include, but is not limited to, returning them to the destination of their origin. If the revised Agreement includes a material change, we will provide you with prior notice via our website and/or email before the material change becomes effective. We shall not bear any liability for any damage or interruptions caused by any computer viruses, spyware, or other malware that may affect your computer or other equipment, or any phishing, spoofing, or other attack. Circle may and is authorized, without prior notice and both before and after demand, to set off the whole or any part of your liabilities or other amounts payable to Circle, including but not limited to fees, whether such amounts are present or future, actual or contingent, or liquidated or unliquidated, against any sums held by Circle and owed to you, whether under this Agreement or any other agreement between Circle and you. Circle will make reasonable efforts to ensure that requests for Circle Account transactions are processed in a timely manner, but Circle makes no representations or warranties regarding the amount of time needed to complete processing because the Services are dependent upon many factors outside of our control, such as delays in the banking system or the U.S. or international mail service. After all, the last time that bitcoins price, currently $16,915, was as low as it is now, USDCs market capitalization was only $2.7 billion. In this case, I know better. Alabama Treasury serves as custodian of these assets and makes . If we determine that your claim of an Unauthorized Supported Digital Currency Transaction or Error is valid and eligible, we will credit your Circle Account for the amount of the Unauthorized Supported Digital Currency Transaction or Error, subject to the limitations set forth below.
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