Federal Authorities Investigate Block, Owned by Jack Dorsey, for Non-Compliant Crypto Services
Wednesday, 1 May 2024, 17:38
Federal Scrutiny on Block's Non-Compliant Crypto Services
An NBC News investigation has revealed that fintech company Block, owned by Jack Dorsey, is under federal scrutiny for alleged sanctions violations and regulatory non-compliance issues related to its Square and Cash App units. The examination by federal prosecutors signifies a significant legal challenge for the company and raises concerns about its compliance practices and potential consequences.
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