circle internet financial unclaimed property

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. Notwithstanding anything to the contrary set forth in this Agreement or otherwise, in the event of a conflict between any term set forth herein and any term set forth in the USDC Terms, Bridged USDC Terms, or Euro Coin Terms (i) in connection with any USDC, Bridged USDC or EUROC transaction, the terms of the USDC Terms, Bridged USDC Terms, or Euro Coin Terms (as applicable) shall control, and (ii) in respect of any other Digital Currency transaction, the terms of this Agreement shall control. If you believe you did not authorize a particular transaction or that a transaction was incorrectly carried out, you must contact us as soon as possible by email at customer-support@circle.com. 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. Contact Circle | USDC, Payments & Treasury Infrastructure for Business / Contact Us We'd love to hear from you For all support questions, select your product below. As noted in Section 2, your Circle Account only supports Supported Digital Currencies. That's generally bank accounts, life insurance policies, dividend checks," he said. Nebraska Money Transmitter License, 1201441, Nebraska Department of Banking & Finance Financial Institutions, Nevada - FID Money Transmitter License, MT11061, Nevada Department of Business and Industry, Financial Institutions Division, New Hampshire Money Transmitter License, 19540-MT, New Jersey Department of Banking and Insurance, Licensing Services Bureau - Banking, New Mexico Regulation & Licensing Department Financial Institutions Division, Virtual Currency License, BL000001 New York Money Transmitter License, MT103539, New York Department of Financial Services. to an evolving regulatory environment. Circle Internet Financial, LLC | Better Business Bureau Profile Illustration by Fernando Capeto for Forbes; Photos by jcrosemann/Getty vImages; Fotogramma/Splash News/Newscom. 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. 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. 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. Where we have provided you with a translation of the English language version of this Agreement or any information related to your Circle Account, you acknowledge and agree that such translation is provided for your convenience only and that the English language version of the Agreement will govern your use of the Services. In this case, I know better. Many financial institutions are decentralized and offer a variety of products and services that transcend various business lines. For the avoidance of doubt, continued use of your Circle Account and Circles obligations to you under this Agreement are conditional on your continued compliance at all times with this Agreement and all applicable laws and regulations. Cryptocurrency Operator Circle to Go Public in $4.5 Billion SPAC Merger Press Visit our Pressroom for company updates, press releases, coverage, downloads and more. Resources Blog Journalists. Simply go toMissingMoney.com and type in your name to do a database search of available unclaimed funds across all states. 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. Escheatment and Unclaimed Funds - Circle Help Center Any arbitration will be conducted by a single, neutral arbitrator and shall take place in the US county of your most recent physical address or, if there is no such US county, in Suffolk County, Massachusetts, USA. 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. The Better Business Bureau hasissued a warning about an unclaimed property scam that may look legitimate. 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 responsible for any charges that you incur based on delayed processing of deposits or withdrawals that might result from overdraft fees or otherwise. Maryland customers click here for information about filing complaints. (Note: Not every state participates.). Follow these steps to help prevent your assets from ending up as lost or unclaimed property: Notify your financial institutions of any changes to your contact information, including email and snail mail addresses. The Tennessee Department of Financial Institutions does not regulate virtual currency. If think you may have unclaimed money or property waiting for you, you can check online through free websites and state databases. Lost Property FundsWhat Investors Should Know | FINRA.org If you do a little bit of research on each states unclaimed money process you dont have to pay anything EVER. 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. If you have a complaint, or wish to report fraud or suspected fraud, please first contact Circle Support by contacting its phone number, (888) 762-4966, or by visiting the Circle Support Portal. USDC benefitted from growing fears about USDT in May. You agree, represent, and warrant that all Inbound Transfers are not the direct or indirect proceeds of any criminal or fraudulent activity. Each phone number and website for the states are listed in our Search Your State section. 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. Some states may charge a processing fee (Texas) for larger amounts, but most will give you the entire amount you owe. chevron_left Home Error. 2024; 2023; 2022; 2021; 2020; Banking and Financial Organizations. 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. To the extent that you utilize your Circle Account for any transaction or service involving EUROC, the Euro Coin Terms shall apply to all such transactions and such agreement. Error. Circle is powering always-on internet-native commerce and payments and is the issuer of USD Coin (USDC) and Euro Coin (EUROC). Fees are generally disclosed on the Fee Schedule; we may change any of the fees that Circle charges at any time, with or without notice. Pennsylvania Treasurer Warns Of Unclaimed Money Scammers. No license is currently required under State law. GET STARTED . After each transaction has been placed, Circle will send you a receipt evidencing your transaction via email. To see if you have unclaimed money, use the map at Unclaimed.org to find your current or former state's program. Regardless of the results of our investigation, we will send you an email explaining the basis for our decision. Additionally, you may choose to have incoming fiat wires settle as USDC in your Circle Account and be bridged to a Supported L2 Network and withdrawn as Bridged USDC to the external wallet address of your choice. 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; Legislative and regulatory changes or actions at the state, federal, or international level may adversely affect the use, transfer, exchange, and value of virtual currency; Transactions in virtual currency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable; Some virtual currency transactions shall be deemed to be made when recorded on a public ledger, which is not necessarily the date or time that the customer initiates the transaction; The value of virtual currency may be derived from the continued willingness of market participants to exchange fiat currency for virtual currency, which may result in the potential for permanent and total loss of value of a particular virtual currency should the market for that virtual currency disappear; There is no assurance that a person who accepts a virtual currency as payment today will continue to do so in the future; The volatility and unpredictability of the price of virtual currency relative to fiat currency may result in significant loss over a short period of time; The nature of virtual currency may lead to an increased risk of fraud or cyber attack; The nature of virtual currency means that any technological difficulties experienced by Circle may prevent the access or use of a customer's virtual currency; and. To the extent that you utilize your Circle Account for any transaction or service involving Bridged USDC, the Bridged USDC Terms shall apply to all such transactions and such agreement. An arbitral decision is subject to very limited review by a court. Except for claims for injunctive or equitable relief or claims regarding intellectual property rights (which may be brought, in an individual capacity only, and not on a class-wide or representative basis, in the courts specified in Section 36 without the posting of a bond), any dispute between you and Circle related in any way to, or arising in any way from, our Services or this Agreement (Dispute) shall be finally settled on an individual, non-representative basis in binding arbitration in accordance with the Comprehensive Arbitration Rules and Procedures of JAMS (available from JAMS on its website at www.jams.com), as modified by this Agreement, or in accordance with rules on which we may mutually agree in writing; provided, however, that to the extent a Dispute is within the scope of a small claims courts jurisdiction, either you or Circle may commence an action in small claims court, in the county of your most recent physical address, to resolve the Dispute. These standards are designed to prevent the use of the Services for money laundering or terrorist financing activities. An argument could be made that this proposed acquisition, which would have seen Circle trade on the New York Stock Exchange, was never going to survive the crypto winter, the nearly year-long decline in prices of most digital assets. Circle continues our collaborative work with the SEC to complete the qualification process as we look forward to becoming a listed company. There is legitimately unclaimed property being held by states a total of about $42 billion. The unclaimed funds held by the state are often from bank accounts, insurance policies, or your state government. 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. In addition, please note the following disclosures associated with transactions with virtual currency: West Virginia Money Transmitter License, MT-1201441, West Virginia Division of Financial Institutions. It is important that you regularly check your Circle Account balances and your transaction history regularly to ensure you notify us as soon as possible of any unauthorized or incorrect transactions. Keeping track of all this activity can present a challenge . Circle reserves the right to change these Terms at any time, with or without advance notice to you, as the case may be. Note that this Section may be continuously updated with additional state-specific disclosures as may be required by the states in which we hold licenses and the date of last update will be reflected directly above. It can, however, eventually end up being turned over to the state if no one comes forth to claim it. Once you have provided us with proper notification (including delivering all of the information set forth in the subsection above and responding to any requests for further information), we will investigate the potential Unauthorized Supported Digital Currency Transaction or Error. 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. 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. What is Unclaimed Property? A Complete Guide | Eide Bailly

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