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. Circle holds all Supported Digital Currencies in your Hosted Wallet for your benefit, as described in further detail below. CIRCLE, OUR AFFILIATES, AND OUR RESPECTIVE OFFICERS, DIRECTORS, AGENTS, JOINT VENTURERS, EMPLOYEES, AND SUPPLIERS SPECIFICALLY DISCLAIM ANY IMPLIED WARRANTIES OF TITLE, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE OR NON-INFRINGEMENT. Maryland customers click here for information about filing complaints. 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. About Us; Recommended for You. 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. According to the National Association of Unclaimed Property, there are billions of dollars available and there are many businesses called finders or locators who find legitimate property for people, but Hutchison warnedpeople should be very careful. Circle continues our collaborative work with the SEC to complete the qualification process as we look forward to becoming a listed company. They assumed he was deceased and $10.6 million is enticing. The Colorado Division of Banking does not license or regulate services related to virtual currency, including, but not limited to, transmission or exchange of virtual currency which may be conducted by Circle. 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. Additionally, Circle may require you to wait some amount of time after completion of a Digital Currency Transfer before permitting you to use further Services and/or before permitting you to engage in transactions beyond certain volume limits. Bridged USDC on all Supported L2 Networks may not be available for use in all Treasury Services. Security on Circle Pay Subscribe now to Forbes' CryptoAsset & Blockchain Advisor and successfully navigate the bitcoin and crypto market crash. You agree to pay the fees shown to you, if any, or as separately agreed between you and Circle, when you enter into a transaction. 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). After first contacting Circle, if you still have an unresolved question or complaint regarding the company's regulated activity, please direct your complaint to: Arkansas Money Transmitter License, 43388, California DFPI Money Transmitter License Circle Payments, LLC - NMLS ID: 1415802; License Number 2549, California Department of Financial Protection and Innovation Division of Financial Institutions. Circle may offer from certain services as described herein (the Services) on the Circle Account platform (the Platform). Perform your search using your name, especially if you've moved to another state. Forbes reported in October that Concord was planning to push back its already-delayed purchase of Circle Internet Financial until the end of January. By using this website, you accept the terms of our Visitor Agreement and Privacy Policy, and understand your options regarding Ad Choices. 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. 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. The value of digital and virtual currencies is derived from supply and demand in the global marketplace which can rise or fall independently of any fiat (government) currency. When we carry out these inquiries, you understand, acknowledge and agree that your personal information may be disclosed to credit reference and fraud prevention or financial crime agencies and that these agencies may respond to our inquiries in full. To search for Ohio unclaimed funds, go to the Ohio Division of Unclaimed Funds website at www.unclaimedfundstreasurehunt.ohio.gov Accounts can also be searched from 36 other states on the. More Than $400K In Unclaimed Money Returned in Louisiana. If think you may have unclaimed money or property waiting for you, you can check online through free websites and state databases. Except for those disputes that shall be resolved in arbitration or in small claims court, each party agrees to submit to the personal and exclusive jurisdiction of the courts located in Boston, Massachusetts, provided that any claims or disputes shall be subject to the arbitration provisions set forth in Section 26. Circle will make any tax withholdings or filings that we are required by law to make, but Circle is not responsible for determining whether taxes apply to your transaction, or for collecting, reporting, or remitting any taxes arising from any transaction. You should verify all transaction information prior to submitting instructions to us. 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. Notwithstanding the above, in the event of a Circle bankruptcy we make no representations or warranties as to whether all Supported Digital Currencies held in your Hosted Wallet will be successfully returned to you. Complicating matters was an announcement by Binance, the worlds largest cryptocurrency exchange, that it would consolidate stablecoin liquidity in USDC and a couple of other smaller digital dollars into its own stablecoin BUSD. Circle does not control them, and as such, cannot guarantee their functionality or the security or other features of their related network operations. SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OF CERTAIN WARRANTIES OR THE LIMITATION OR EXCLUSION OF LIABILITY FOR INCIDENTAL OR CONSEQUENTIAL DAMAGES. At the time, Circle hinted that the sluggishness was due to delays at the Securities and Exchange Commission (SEC). 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. Lets call this individual Bob. Pennsylvania Treasurer Warns Of Unclaimed Money Scammers. Illustration by Fernando Capeto for Forbes; Photos by jcrosemann/Getty vImages; Fotogramma/Splash News/Newscom. Such access is subject to Circle's review and approval, and such Additional Users' agreement to all of the terms hereof. First off, your money is yours and you dont have to pay anyone to search, claim, or collect it. We do not guarantee the identity or value received by a recipient of an Outbound Transfer. Texas - DOB Money Transmitter License, 3117. We each agree that the FAA, and not state law, shall govern whether a Dispute is subject to arbitration. Transactions in virtual currency are irrevocable, and, accordingly, losses due to fraudulent or accidental transactions may result in the loss of your money with no recourse. If think you may have unclaimed money or property waiting for you, you can check online through free websites and state databases. After first contacting Circle, if you still have an unresolved complaint regarding the company's regulated activity, please direct your complaint to: Division of Finance 200 E. Gaines StreetTallahassee, FL 32399-0376Toll-Free Number: 1-800-848-3792, NOTICE: By the Florida Office of Financial Regulation. 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 ARE DISSATISFIED WITH ANY PORTION OF THE SERVICES OR WITH THIS AGREEMENT, YOUR SOLE AND EXCLUSIVE REMEDY IS TO DISCONTINUE USE OF THE SERVICES AND TERMINATE YOUR ACCOUNT. To the extent you access the Services through a mobile device, your wireless service carriers standard charges, data rates, and other fees may apply. Most states cap that percentage at ten percent. The Circle website may also contain links to third party websites, applications, events or other materials (Third Party Content). Holding digital and virtual currencies carries exchange rate and other types of risk. However, your transaction history is always available on Circle. An important fact to remember is that no finder will ask for money upfront, they all charge percentages of the total claim to be paid out once you receive it. 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. In California, Circle Payments, LLC is licensed as a money transmitter (NMLS ID: 1415802; License Number 2549). 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. Please download the form here. 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. If we have already provisionally credited your Circle Account and determine that your claim of an Unauthorized Supported Digital Currency Transaction or Error is valid and eligible, you will be allowed to keep such provisional credit. 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. This Downtime will likely occur immediately upon a fork of a given Supported Digital Currency, potentially with little to no warning, and during this period of Downtime you will not be able to buy or sell the Digital Currency subject to such fork. Second, is that most states that send out the postcards offer examples of what they send out in order to weed out the scammers. Search for unclaimed money using a multi-state database. The Bridged USDC Terms are incorporated herein by reference. By entering into this Agreement, you agree to receive electronic communications and notifications in accordance with our E-Sign Consent Policy. When any transaction occurs using your credentials, we will assume that you authorized such transaction, unless you notify us otherwise. This return came on the back of revenue and interest income of $274 million. We are not responsible for any losses, whether direct or indirect, that you may incur as a result of our complying with applicable law and regulations, the guidance or direction of any regulatory authority or government agency, or any writ of attachment, lien, levy, subpoena, warrant, or other legal order. After first contacting Circle, if you still have an unresolved complaint regarding the company's regulated activity, please direct your complaint to: Consumer Assistance Unit NYS Department of Financial Services One Commerce Plaza Albany, NY 12257 Toll-Free Number: 1-877-226-5697. Some states will still send out postcards to residents who have missing money periodically throughout the year. You permit us to keep a record of such information and authorize us to make the inquiries, whether directly or through third parties, that we consider necessary or desirable to verify your identity or protect you and/or us against fraud or other financial crime, and to take action we reasonably deem necessary based on the results of such inquiries. Also, if you think you might have uncashed U.S. savings bonds or missing payments, the Treasury Department's Treasury Hunt tool can help you find them. We take compliance very seriously and it is our policy to take all necessary steps to prohibit fraudulent transactions, report suspicious activities, and actively engage in the prevention of money laundering and any related acts that facilitate money laundering, terrorist financing or any other financial crimes. Such information is provided for your convenience and links or references to Third Party Content do not constitute an endorsement by Circle of any products or services. /PRNewswire/ -- Circle Internet Financial, a global internet finance firm and the issuer of USD Coin (USDC), today announced it has entered into an agreement. Circle is proud to partner with leading players in the blockchain, payments and technology ecosystems. Circle will not be liable for any loss or damage arising from your failure to protect your account information. We maintain a money transmission license (or the statutory equivalent) in various U.S. states and territories, as well as a virtual currency license in the State of New York, and are therefore subject to the requirements of such statutes. The USDC Terms are incorporated herein by reference. These companies will often contact you to assist in getting your money back. Erroneously transmitted funds will be lost. Additionally, certain of these states have required specific disclosures of this fact, which can be found below and/or on the Licenses page found here. This information is used to assist the U.S. Government in the fight against the funding of terrorism and money laundering activities. GET STARTED . Your email address will not be published. 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). 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. Unless an asset is a Supported Digital Currency, you will not be able to properly hold or transact in it. Search to find yours! A list of Digital Currencies that our Services support (each, a Supported Digital Currencies) is available here. Check Claim Status Upload Claim Documentation Reporting The arbitral decision may be enforced in any court of competent jurisdiction. Please note that Section 326 of the USA PATRIOT Act of 2001 requires all financial institutions to obtain, verify, and record information that identifies each person who registers a Circle Account. 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. 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. Terms were subsequently renegotiated in February of this year, doubling the value to $9 billion. your employees) (such persons, "Additional Users"). 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). If think you may have unclaimed money or property waiting for you, you can check online through free websites and state databases. As noted in Section 2, your Circle Account only supports Supported Digital Currencies. 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. There is plenty of it. "Circle.com", "Circle", and all logos related to the Services are either trademarks, or registered marks of Circle or its licensors. All states offer free searching and claiming when it comes to the unclaimed cash and property they hold. This Agreement is not intended and shall not be construed to create any rights or remedies in any parties other than you and Circle and other Circle affiliates which each shall be a third-party beneficiary of this Agreement, and no other person shall assert any rights as a third-party beneficiary hereunder. We will typically be able to complete our investigation within ten (10) days, but may require up to thirty (30) days if your Circle Account is new (meaning your Circle Account has been active for less than thirty (30) days at the time we receive your notification). 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. 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. For Maryland Residents Only:Circle Internet Financial, LLC is licensed as a money transmitter by the The Commissioner of Financial Regulation for the State of Maryland (NMLS# 1201441). Regardless of the results of our investigation, we will send you an email explaining the basis for our decision. In connection with your use of the Services, you hereby agree that you will not: In addition, using the Services for transactions related to the following is prohibited, and Circle reserves the right to monitor for transactions that relate to: In the event that Circle learns you are making or attempting any Restricted Activities or Prohibited Transactions, Circle will consider it to be a violation of this Agreement and may suspend or terminate your Circle Account. Verification of the licensing status of Circle Internet Financial, LLC may be obtained here. If you have complaints with respect to any aspect of the money transmission activities conducted by this licensee, you may contact the California Department of Financial Protection and Innovation at its toll-free telephone number, 1-866-275-2677, by e-mail at consumer.services@dfpi.ca.gov, or by mail at: Department of Financial Protection and Innovation Attn: Consumer Services Office 2101 Arena Blvd Sacramento, CA 95834, Colorado - DOB Money Transmitters License, 500223. However, investors now have better options to safely earn yields, even if they are not ready to play the stock market yet. Such actions may be taken as a result of account inactivity, failure to respond to customer support requests, failure to positively identify you, a court order, your violation of the terms of this Agreement or for other similar reasons. 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. 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. Message and data rates may apply. UnclaimedMoney.org 2019 All rights Reserved. Something has gone wrong. Bob had an estranged uncle who no one had spoken to in over a decade. Please consult your tax advisor regarding any tax consequences associated with your holding or use of digital or virtual currencies.
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