Cointime update: Block has booked a $764 million charge for a planned settlement with the U.S. Department of Justice that would defer a Bank Secrecy Act charge, the company disclosed. Final terms and court approval are still pending. Separately, Block’s bitcoin business generated about 2.9 cents of gross profit per dollar of revenue in the third quarter, down from 5.1 cents a year earlier.
Block Books $764 Million for Planned DOJ Deal Deferring Bank Secrecy Act Charge
Related Coin Charts
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
16m ago
Trump Administration Proposes Rule Changes to Streamline Commercial Space Launch Licensing
20m ago
Zilliqa to pivot from standalone L1 to Ethereum L2 for regulated institutions
26m ago
China Resources Longdike and GCSA Launch AI and Cybersecurity Research Center in Hong Kong
32m ago
Uranium Digital Raises $16.5M Series A Led by Blockchain Capital
48m ago
SignalPlus discloses hack loss under $82K, pledges full user reimbursement
50m ago
Polygon Draft PIP-93 Would Merge Security Council, Set 7-Day Upgrade Delay