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

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

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Jack Dorsey's Block Pays $40M Penalty Over Lackluster Compliance Program
The company led by Jack Dorsey has agreed to retain an independent monitor after violating the Department’s money transmitter and virtual currency rules.

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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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