๐ฅ Block to Pay $764 Million Net in DOJ AML Settlement, Prosecution Deferred 3 Years.
Block has agreed to pay $764 million net to resolve a U.S.
Department of Justice anti-money laundering investigation.
The company disclosed the settlement in a Tuesday regulatory filing. Criminal prosecution against Block will be deferred for three years under the agreement. Do you think deferred prosecution is an effective deterrent for financial crimes in crypto?
โ What's your take โ is this the start of a bigger move or just noise? Drop it below.
$BTC
$ETH
#CryptoMarkets #DigitalAssets #BlockchainAdoption
Block has agreed to pay $764 million net to resolve a U.S.
Department of Justice anti-money laundering investigation.
The company disclosed the settlement in a Tuesday regulatory filing. Criminal prosecution against Block will be deferred for three years under the agreement. Do you think deferred prosecution is an effective deterrent for financial crimes in crypto?
โ What's your take โ is this the start of a bigger move or just noise? Drop it below.
$BTC
$ETH
#CryptoMarkets #DigitalAssets #BlockchainAdoption