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Circle Denies Ties to Terror Financing and Justin Sun

2023-12-01 10:34:11.068000

In response to accusations by the non-profit watchdog group Campaign for Accountability (CfA), stablecoin issuer Circle has denied facilitating money laundering for terrorist organizations and banking Justin Sun, the founder of TRON. Circle emphasized its compliance with regulatory regimes and its history of cooperating with law enforcement. The company clarified that Sun and entities under his control no longer have accounts with Circle. Circle expressed support for strengthening anti-money laundering provisions in the digital assets industry. [43d3b636]

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