NewYorkTimes

🚨 Jack Dorsey’s Block in Talks to Settle Money Laundering Claims with New York

📌 Key Update:
Block Inc., the financial tech company founded by Jack Dorsey, is negotiating a settlement with the New York State Department of Financial Services (NYDFS) over allegations of lax Anti-Money Laundering (AML) controls in its Bitcoin and financial services operations.

⚖️ Regulatory Challenges:
🔹 Previously fined $80M by 48 state regulators for AML failures
🔹 Agreed to pay $175M to CFPB over Cash App fraud complaints
🔹 Strengthening compliance measures to meet regulatory demands

💰 What’s Next?
Block is working to resolve concerns with NYDFS and avoid further penalties. As crypto firms face increased regulatory scrutiny, compliance is becoming a major focus in the fintech space.

📢 Do you think regulators are tightening the grip on fintech too much? Or is this a necessary step for industry growth?

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New York's Legislative Move Against Meme Coin Scams – Protecting Investors 🛡️

🔥🎁 $MEME 🔥🎁🔥🎁 $SCAM 🔥🎁🔥🎁 $REGULATION 🔥🎁

A New York bill aims to protect crypto investors from meme coin rug pulls, addressing the increasing number of scams in the crypto space. This legislative move seeks to enhance investor protection and market integrity. ​


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THIS just in: Do you think this move will be bull move for the market or a Bearish one?
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