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Circle Passes SOC 2 Type 2 Cybersecurity Audit

Circle has completed the SOC 2 Type 2 audit, affirming its commitment to high-security standards and robust data protection practices.
Circle Passes SOC 2 Type 2 Cybersecurity Audit

Highlights

  • SOC 2 Type 2 audit completed by Circle, affirming its high-security standards.
  • France chosen for Circle's EU regulatory HQ to leverage its crypto-friendly environment.
  • Integration of smart contracts with BlackRock and Ethereum's zkSync boosts Circle's digital asset services.

Circle has completed a System and Organization Controls (SOC) 2 Type 2 audit. This audit follows the direction of the American Institute of Certified Public Accountants (AICPA) is evidence of the vigor of Circle’s security measures and commitment to the safety of client data.

Contrary to a SOC 2 Type 1 report that examines the design of security systems at a specific moment, the Type 2 audit gauges the effectiveness of these controls over time, providing a more comprehensive view of the data regime in which a company operates.

Marlys Rodgers, Circle’s Chief Information Security Officer, stressed that the success of the SOC 2 Type 2 audit is crucial in demonstrating the company’s dedication to maintaining the highest information security standards. According to Rodgers, this achievement gives customers and stakeholders a detailed perspective of Circle’s security measures and operational effectiveness.

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Circle’s Continued Commitment to Security

The SOC 2 Type 2 assessment covered over 100 individual controls regarding security, confidentiality, and system availability. The success of this audit reconfirms Circle’s dedication to secure operations and helps strengthen its image and reliability among users and regulators. 

In compliance with all these quality standards, Circle ensures all clients’ financial and personal data remain intact and secure.

Furthermore, the positive audit result also supports Circle’s strategic objective of seeking transparency and honesty in its operations.

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Expansion and Regulatory Compliance

In addition, beyond its security gains, Circle is growing in terms of regulatory and operational footprint in the EU since it has elected France to be its MiCA regulatory and operational headquarters.

Such judgment follows the growth of France’s presence in the cryptocurrency industry, stimulated by a favorable policy climate and an advantageous tech sector. France’s authorities’ activities in crypto regulation and its active developer community make it a promising destination for Circle and other similar companies.

Concurrently, the company’s launch of smart contract functionality with BlackRock and its interoperability with Ethereum’s zkSync underlines its goal to integrate digital assets with traditional financial systems. As a result, these advancements add to the progression of the usefulness of Circle’s products, strengthening the incorporation of cryptocurrency technology in mainstream finance.

In addition, despite the discontinuance of USDC minting on the TRON blockchain, the company’s continued initiatives to grow its digital asset services point to a focus on risk management and platform integrity.

Read Also: Bitcoin’s Role in Crisis: Mike Novogratz Sounds Alarm on Debt

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Kelvin Munene Murithi

Kelvin Munene is a crypto and finance journalist with over 5 years of experience, offering in-depth market analysis and expert commentary . With a Bachelor's degree in Journalism and Actuarial Science from Mount Kenya University, Kelvin is known for his meticulous research and strong writing skills, particularly in cryptocurrency, blockchain, and financial markets. His work has been featured across top industry publications such as Coingape, Cryptobasic, MetaNews, Cryptotimes, Coinedition, TheCoinrepublic, Cryptotale, and Analytics Insight among others, where he consistently provides timely updates and insightful content. Kelvin’s focus lies in uncovering emerging trends in the crypto space, delivering factual and data-driven analyses that help readers make informed decisions. His expertise extends across market cycles, technological innovations, and regulatory shifts that shape the crypto landscape. Beyond his professional achievements, Kelvin has a passion for chess, traveling, and exploring new adventures.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
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