🚨 Circle’s $USDC Allegedly Used by North Korea — Serious Compliance Questions Raised

⚠️ Renowned blockchain investigator ZachXBT has uncovered troubling activity: North Korean IT operatives are allegedly using Circle’s USDC stablecoin for illicit payments, with no action taken to freeze these transactions.

🔍 Why this matters:

▫️ This revelation surfaces just as Circle (NASDAQ: CRCL) seeks a U.S. banking license, following its successful IPO in June.

▫️ CRCL stock is already under pressure, falling 28% in the past week.

▫️ Regulatory scrutiny could intensify, potentially threatening the firm's financial ambitions and market trust.

📢 The big question: Can stablecoin issuers remain neutral tech providers, or is deeper compliance and action now a must in a world of rising crypto geopolitics?

#Crypto #Blockchain #USDC #Circle #ZachXBT

https://coingape.com/circle-usdc-used-by-north-korea-claims-zachxbt-us-banking-license-under-threat/?utm_source=bnb&utm_medium=coingape