Circle Restricts Transactions for Firearm Purchases, Clarifying Policy

Stablecoin issuer Circle Internet Financial has adjusted its user terms to explicitly address firearm transactions. The update clarifies that the company may restrict certain purchases related to weapons and explosives, aligning with U.S. legal standards while preventing arbitrary blocks. This move comes amid scrutiny from lawmakers and digital asset users regarding crypto firms’ involvement in politically sensitive activities. The updated terms specify that restrictions on purchasing firearms apply only when those transactions violate existing laws, effectively allowing lawful purchases that comply with state and federal regulations.