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
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