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Jack Dorsey's Block Pays $40M Penalty Over Lackluster Compliance Program

Decrypt LogoDecrypt5d ago

Jack Dorsey's Block Pays $40M Penalty Over Lackluster Compliance Program - Decrypt

Quick Summary:

The company led by Jack Dorsey has agreed to retain an independent monitor after violating the Department’s money transmitter and virtual currency rules.

Harris said in a statement.

Last year, Cash App ended its support for free peer-to-peer (P2P) Bitcoin payments, while leaning into other cryptocurrency services that users have gravitated toward.

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Jack Dorsey's Block Pays $40M Penalty Over Lackluster Compliance Program - Decrypt (Picture 1)

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Article Details

Author / Journalist: André Beganski

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-10 @ 14:09:03 (5 days ago)

News Timezone: GMT +8:00

News Source URL: decrypt.co

Language: English

Article Length: 240 words

Reading Time: 2 minutes read

Sentences: 12 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Decrypt

News ID: 27774171

View Article Analysis

About Decrypt

Decrypt Logo

Main Topics: Crypto

Official Website: decrypt.co

Update Frequency: 4 posts per day

Year Established: 2018

Headquarters: Estonia

News Last Updated: 17 hours ago

Coverage Areas: Estonia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #63

Publisher Details

Frequently Asked Questions

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The story "Jack Dorsey's Block Pays $40M Penalty Over Lackluster Compliance Program" has 240 words across 12 sentences, which will take approximately 1 - 2 minutes for the average person to read.

Which news outlet covered this story?

The story "Jack Dorsey's Block Pays $40M Penalty Over Lackluster Compliance Program" was covered 5 days ago by Decrypt, a news publisher based in Estonia.

How trustworthy is 'Decrypt' news outlet?

Decrypt is a fully independent (privately-owned) news outlet established in 2018 that covers mostly crypto news.

The outlet is headquartered in Estonia and publishes an average of 4 news stories per day.

It's most recent story was published 17 hours ago.

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  • News ID: #27774171
  • URL: https://beamstart.com/news/jack-dorseys-block-pays-40m-17442953261433

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