As noted in Section 2, your Circle Account only supports Supported Digital Currencies. In the event that you or Circle terminates this Agreement or your access to the Services, or cancels your Circle Account, you remain liable for all activity conducted on or with your Circle Account while it was active and for all amounts due hereunder. They were able to determine this was a fake due to the lawyer not existing in Canada as well as the website being registered a mere 30 days ago. The title to all of your Supported Digital Currency will remain with you at all times. Announced in July 2021, the proposed acquisition assigned a $4.5 billion valuation to Circle . A list of USDC Supported Blockchains, Supported L2 Networks, and EUROC Supported Blockchains is available here. Florida's Unclaimed Property Circle may offer various payment processing services to Users. Circle Internet Financial LLC - Company Profile and News The Bridged USDC Terms are incorporated herein by reference. We appreciate that the SEC is being thorough as they navigate fairly novel businesses that want the trust, transparency and accountability that come with being a public company," said a spokesperson for the business. Circle Internet Financial, LLC - Investor Relations Can you help identify 2 people found dead in King County? What Constitutes an Unauthorized Supported Digital Currency Transaction or Error? 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 . Nearly every company has the potential to generate unclaimed property through its standard business operations (e.g., accounts payable, accounts receivable through customer overpayments, and payroll). These companies will often contact you to assist in getting your money back. Please note that the license issued to Circle by the Kentucky Department of Financial Institutions does not cover the exchange or transmission of virtual currency. Any bond or trust account maintained by Circle for the benefit of its customers may not be sufficient to cover all losses incurred by customers. Circle Internet Financial, LLC | Better Business Bureau Profile USDC-Specific Terms, Bridged USDC-Specific Terms and Euro Coin-Specific Terms, 12. An uncashed payroll or dividend check is a common type of unclaimed property. You are responsible for, and agree to pay, all fees that may be charged by your financial institution in connection with sending funds to Circle or receiving funds from Circle. CLICK HERE CONTACT US CLICK HERE CHECK THE STATUS OF YOUR PREVIOUSLY FILED CLAIM CLICK HERE $388 MILLION RETURNED TO FLORIDIANS LAST YEAR! you are at least 18 years old and are not a Restricted Person, nor are you resident of a Restricted Territory (each as defined in Section 35 below). Consider subscribing if you dont want to miss it when new posts go up and the latest Unclaimed Money info!! Circle is latest crypto company sued over digital-trading patent Circle (or its affiliates) may also offer treasury services Treasury Services under which qualifying Users can apply for certain yield services or products. We are also dedicated to educating and providing guidance to holders of unclaimed property to ensure compliance with unclaimed property laws. GET STARTED . Thats generally bank accounts, life insurance policies, dividend checks, he said. What happens if I lose/change my device? Circle is not a digital custodian as such term is defined by the Nevada Financial Institutions Division. The date or time when the transfer or exchange is made and your account is debited may differ from the date or time when you initiate the instruction to make the transfer or exchange. We may be unable to terminate your Circle Account at your request if you maintain a balance in your Circle Account. In this case, I know better. Circle offers the following Services in connection with your Circle Account: Circle provides USDC-related services, which are described more fully in Section 11 and in the USDC Terms. (You can unsubscribe anytime). Sometimes, we may need more time in order to complete our investigation (up to thirty (30) days, or sixty (60) days for a new account). Randy Hutchison, president of the BBB of the Mid-South, toldWHBQthat he was targeted by thescam and said he was almost fooled himself. If you have a complaint, first contact the Customer Support Team of Circle Internet Financial, Inc. at 800-398-7172, if you still have an unresolved complaint regarding the company's money transmission or currency exchange activity, please direct your complaint to: Texas Department of Banking, 2601 North Lamar Boulevard, Austin, Texas 78705, 1 . Circle Internet Financial, LLC is licensed as a money . Perhaps they died or moved without a forwarding address. upload, display or transmit any messages, photos, videos or other media that contain illegal goods, violent, obscene or copyrighted images or materials (such (a) (k) activities, Restricted Activities). Circle is proud to partner with leading players in the blockchain, payments and technology ecosystems. After the currency is paid out, you may not be able to obtain a refund from Circle, even if the transfer was the result of fraud, except under limited circumstances. There are many resources for you to search for free, but like any industry there are people who profit from this business and can help claim unclaimed cash. Jeremy Allaire argued that BUSD's consolidation of USDC liquidity was positive for the stablecoin. 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. The information provided on this website or any third-party sites does not constitute investment advice, financial advice, trading advice, or any other sort of advice, and you should not treat any of the website's content as such. THE BASICS. Circle may also temporarily suspend access to your Circle Account in the event that a technical problem causes system outage or Circle Account errors until the problem is resolved. USDC, Payments & Treasury Solutions for Business - Circle $4 billion in unclaimed property to its rightful owners. Any reference to custody services in this Agreement or elsewhere on this site refers only to our custody of digital assets on a Users behalf pursuant to the authority granted under our money transmission and/or virtual currency licenses. However you choose to notify us, you must include: Note that in connection with investigating and/or resolving any Unauthorized Supported Digital Currency Transaction or Error, we may need to request further information from you regarding the circumstances of the Unauthorized Supported Digital Currency Transaction or Error. Circle strives to provide accurate and reliable information and content on the Circle website, but such information may not always be correct, complete, or up to date. Your business starting place for accessing, storing and managing USDC and Euro Coin. Digital and virtual currencies are not issued or backed by the U.S. government, or related in any way to U.S. currency, and have fewer regulatory protections. After all, in an attempt to avoid being classified as securities, stablecoins pay no yield or interest to their holders. Unclaimed Property in Financial Institutions Financial institutions, such as banks or credit unions, have the potential to have unclaimed property issues. The letterhead looks official and even the website is convincing, butHutchison said the letter is the work of a scammer. We do not guarantee the identity or value received by a recipient of an Outbound Transfer. 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. If you do not notify us within sixty (60) days, then you will not be covered by the protections of this Section 24. Additional terms and conditions apply to such services. CLAIMING PROPERTY. In the twelve-month period from January 2019 to January 2020, the global stablecoins market more than doubled in value from $2.5 billion to over $5 billion in total market capitalization. You agree, represent, and warrant that all funds in your Circle Account, or funds deposited by you with Circle in the future, are not the direct or indirect proceeds of any criminal or fraudulent activity. Following our review of any funds in question and the circumstances by which you received them, we may determine that you are not the owner of such funds. One of the types of paid resources are unclaimed money finders, individuals or businesses who will search and claim for you. The company utilizes the USD Coin for all transactions, a so-called "stable coin" that is reported to be backed by actual dollar investments. Utah Department of Financial Institutions, Vermont Department of Financial Regulation, Virginia Money Order Seller and Money Transmitter License, MO-302, Virginia Bureau of Financial Institutions, Washington Money Transmitter, 550-MT-91117, Washington Department of Financial Institutions, Fraudulent transactions may result in the loss of your money with no recourse. Accordingly, any regulated services we provide to Users located in the United States are characterized as money transmission and/or virtual currency business activity, and not as trust services. . Scam alert: Fake 'unclaimed property' letter may look real, but don't You should carefully read the Circle Privacy Policy as it provides details on how your personal information is collected, stored, protected, and used. No license is currently required under State law. The laws of the State of Delaware and applicable United States federal law, including the Federal Arbitration Action as specified herein, shall govern this Agreement. Circle does not control any blockchain or Digital Currency network and makes no guarantees that a Digital Currency Transfer will be confirmed by a Digital Currency network. However, the net result was different. If think you may have unclaimed money or property waiting for you, you can check online through free websites and state databases. Simply go toMissingMoney.com and type in your name to do a database search of available unclaimed funds across all states. If think you may have unclaimed money or property waiting for you, you can check online through free websites and state databases. Likewise, EUROC is supported on certain blockchains (EUROC Supported Blockchains). Circle Internet Financial, LLC is licensed as a Money Transmitter by the New York State Department of Financial Institutions and to engage in Virtual Currency Business Activity by the New York State Department of Financial Services. Notwithstanding the foregoing, Circle may determine not to make the Services, in whole or in part, available in every market, either in its sole discretion or due to legal or regulatory requirements, depending on your location. CIRCLE MAKES NO WARRANTY THAT (I) THE SERVICES WILL MEET YOUR REQUIREMENTS, (II) THE SERVICES WILL BE UNINTERRUPTED, TIMELY, SECURE, OR ERROR-FREE, OR (III) THE QUALITY OF ANY PRODUCTS, SERVICES, INFORMATION, OR OTHER MATERIAL PURCHASED OR OBTAINED BY YOU WILL MEET YOUR EXPECTATIONS. It is important for you to understand that it is your sole responsibility to review your transaction history and any notices. Your funds go into escheatment when the owner has made no contact or activity generated for a period of time designated by state law. Scam alert: BBB warns fake unclaimed property letter may look real, but don't fall for it, KIRO 7 News Seattle facebook feed(Opens a new window), KIRO 7 News Seattle twitter feed(Opens a new window), KIRO 7 News Seattle youtube feed(Opens a new window), College baseball player shot in middle of game while standing in bullpen, Upcoming Kraken home playoff games are more expensive than flight, ticket to game in Dallas. Erroneously transmitted funds will be lost. C ircle Internet Financial, the primary issuer of the USD Coin cryptocurrency, is putting on a brave face following the collapse of its postponed $9 billion plan to go public via blank-check . If you tell us within two (2) business days after you learn of the compromise of your Circle Account or login credentials, you can lose no more than $50 if someone used your login credentials without your permission. This information is used to assist the U.S. Government in the fight against the funding of terrorism and money laundering activities. Digital Currency Transfers cannot be reversed once they have been broadcast to the relevant blockchain, although they may be in a pending state, and designated accordingly, while the transaction is processed by network operators. By registering a mobile phone number you are agreeing to the specific terms set forth in this Section 13. The failure of Circle to exercise or enforce any right or provision of the Agreement shall not constitute a waiver of such right or provision. Circle may charge fees in connection with the Services. Currently, the Chief Financial Officer holds unclaimed property claimable accounts valued at $2 billion, mostly from dormant accounts in financial institutions, insurance and utility companies, securities and trust holdings. Circle and its licensors reserve all rights in the Services and you agree that this Agreement does not grant you any rights in or licenses to the Services except for the limited license set forth above. You can also notify us by sending a letter via the U.S. Once a transaction has been initiated (including, but not limited to, a Digital Currency Transfer), it cannot be reversed or refunded, except as set forth in this Agreement. According to its latest attestation by auditor Grant Thornton from October, Circle invests the majority of its assets in U.S. Treasury bills with maturities of no more than 90 days. Much of that money flowed into USDC, which saw its market value rise to $55 billion on June 20 from $48 billion on May 9. Some states may charge a processing fee (Texas) for larger amounts, but most will give you the entire amount you owe. 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. Likewise, Bridged USDC sent from your Circle Account to another Circle-hosted deposit address can automatically initiate a bridging of such Bridged USDC to Native Ethereum USDC and automatically initiate a fiat wire to an account of your choice at your financial institution. We reserve the right to restrict or refuse to permit redemptions or transfers from your Circle Account if (i) your Circle Account has otherwise been suspended or unilaterally terminated by Circle in accordance with this Agreement or (ii) to do so would be prohibited by law or a court order or we have determined that any of the related Supported Digital Currency were obtained fraudulently. Perform your search using your name, especially if you've moved to another state. If you get a letter like this and youre asked to pay an upfront fee dont do it, Hutchison warned. 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. 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. For so long as you custody your Digital Currencies in a Hosted Wallet with Circle, Circle maintains control over the private keys associated with the blockchain addresses holding your Digital Currency. In the event that you send Digital Currency to a Blocked Address, or receive Digital Currency from a Blocked Address, Circle may freeze such Digital Currency and take steps to terminate your Circle Account. As a result of the decentralized and open-source nature of Digital Currencies it is possible that sudden, unexpected or controversial changes (forks) can be made to any Digital Currency that can change the usability, functions, value or even name of a given Digital Currency. I had an uncle named Robert Hutchinson who dropped out of the family about 15 years ago, he said. The changes will become effective, and shall be deemed accepted by you, the first time you use the Services after the initial posting of the revised Agreement and shall apply on a going-forward basis with respect to transactions initiated after the posting date. Scam alert: Fake 'unclaimed property' letter may look real, but don't