Close Menu
  • Latest News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Meme Coins
  • DeFi
  • Tech
    • Blockchain
    • Security and Privacy
  • Web 3
    • Web3 News
    • Gaming
  • Legal
    • Taxes & Regulation
    • Adoption
  • Analysis
  • Learn
    • Education
    • Wallets and Exchanges
  • Tools
    • Market Overview
    • Converter
What's Hot

‘Off the Grid’ Token Hits Solana, More Games Shut Down

July 14, 2025

LET Mining launches a new cloud mining strategy, using XRP to start remotely and get daily income

July 14, 2025

Orbler Joins Forces with ManusPay to Revolutionize Web3 Payments

July 14, 2025
Facebook X (Twitter) Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • Disclosure
Facebook X (Twitter) Instagram
Buy Crypto NewsBuy Crypto News
  • Latest News
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. Meme Coins
    5. View All

    ICP Up 4% Ahead of Caffeine Launch, the AI Platform Behind the ‘Self-Writing Internet’

    July 14, 2025

    Bitcoin Breaks Records With 100% Profitable Days And Unmatched Returns

    July 13, 2025

    Here is How to Prepare for Imminent Crypto Summer

    July 13, 2025

    ‘This Could Very Well Be the Ultimate Bull Trap’ – Trader Issues Urgent Crypto Warning As Bitcoin Blasts Past $118,000

    July 13, 2025

    Ethereum to $4K? – THESE ETH metrics hold the answer!

    July 14, 2025

    $907 mln inflows for Ethereum ETF: What about ETH’s price?

    July 13, 2025

    3 reasons why Ethereum’s ATH is closer than you think

    July 13, 2025

    Crypto Founder Pushes Ethereum As ‘World Reserve Asset’

    July 13, 2025

    Analyst Predicts Imminent New All-Time Highs for XRP, Says Second-Largest Altcoin’s Chart Looks ‘Disgustingly Good’

    July 14, 2025

    Cardano’s $1.22 target: Why traders should be aware of THIS ADA setup

    July 14, 2025

    Solana (SOL) Set For Price Run To $2,700 — But This Condition Must Hold

    July 13, 2025

    Sonic jumps 11% after long slump: Price can reach $0.40 IF…

    July 13, 2025

    Pepe, BMT, CAKE: Crypto Activity Heats Up

    March 18, 2025

    SHIB Burns Over Half a Billion Tokens, Price Surges Over 7%

    March 17, 2025

    DOGE Sees Massive User Growth: Active Addresses Up 400%

    March 15, 2025

    Shiba Inu (SHIB) Price Analysis: Bullish Hints, Bearish Trend

    March 15, 2025

    ‘Off the Grid’ Token Hits Solana, More Games Shut Down

    July 14, 2025

    LET Mining launches a new cloud mining strategy, using XRP to start remotely and get daily income

    July 14, 2025

    Orbler Joins Forces with ManusPay to Revolutionize Web3 Payments

    July 14, 2025

    IMF Opposes Power Subsidies for Crypto Mining Amid Grid Concerns

    July 14, 2025
  • DeFi

    Pump.fun acquires Solana wallet tracker Kolscan to “gamify” trading ahead of ICO

    July 14, 2025

    HBAR price targets 45% surge as key Hedera metrics surge

    July 13, 2025

    Here’s why Hyperlane price has surged over 100% today

    July 13, 2025

    Darktrace warns of social engineering scams deploying crypto-stealing malware

    July 13, 2025

    BNB edges toward key resistance as 1.59 token burn fuel bullish momentum

    July 13, 2025
  • Tech
    1. Blockchain
    2. Security and Privacy
    3. View All

    Orbler Joins Forces with ManusPay to Revolutionize Web3 Payments

    July 14, 2025

    Binance’s Grip Tightens: 2025 Mid-Year Data Shows Exchange Titan Pulling Ahead: CryptoQuant

    July 14, 2025

    Preparing to Take a $75 Million Step

    July 14, 2025

    Crypto Q2 Returns Beat Stocks by 3x – Why Smart Money Says the Bull Run Has Already Begun

    July 13, 2025

    Chinese industry group warns Web3 and DeFi high-return deals hide classic Ponzi engines

    July 11, 2025

    Scam targets dormant Bitcoin wallets with fake legal notice

    July 9, 2025

    North Korean Hackers Target Crypto Firms with Novel macOS Malware

    July 3, 2025

    Crypto firms paid $2.7M monthly to North Korean workers

    July 3, 2025

    ‘Off the Grid’ Token Hits Solana, More Games Shut Down

    July 14, 2025

    LET Mining launches a new cloud mining strategy, using XRP to start remotely and get daily income

    July 14, 2025

    Orbler Joins Forces with ManusPay to Revolutionize Web3 Payments

    July 14, 2025

    IMF Opposes Power Subsidies for Crypto Mining Amid Grid Concerns

    July 14, 2025
  • Web 3
    1. Web3 News
    2. Gaming
    3. View All

    LET Mining launches a new cloud mining strategy, using XRP to start remotely and get daily income

    July 14, 2025

    Glass ceiling cracks as women rise in Web3

    July 14, 2025

    Autonomy for Everyone. Power to .Anyone.

    July 13, 2025

    Binance users turn to CryptoMiningFirm in 2025: New strategy to easily earn BTC, XRP, DOGE, LTC coins

    July 13, 2025

    ‘Off the Grid’ Token Hits Solana, More Games Shut Down

    July 14, 2025

    Qitmeer Network Forges Partnership with Onmi to Bolster Web3 GameFi Space

    July 13, 2025

    Why Are So Many Crypto Games Shutting Down? Experts Weigh In

    July 13, 2025

    The Real Lifestyle and WILDGO Partner to Transform Tokenized Real Estate

    July 12, 2025

    ‘Off the Grid’ Token Hits Solana, More Games Shut Down

    July 14, 2025

    LET Mining launches a new cloud mining strategy, using XRP to start remotely and get daily income

    July 14, 2025

    Orbler Joins Forces with ManusPay to Revolutionize Web3 Payments

    July 14, 2025

    IMF Opposes Power Subsidies for Crypto Mining Amid Grid Concerns

    July 14, 2025
  • Legal
    1. Taxes & Regulation
    2. Adoption
    3. View All

    IMF Opposes Power Subsidies for Crypto Mining Amid Grid Concerns

    July 14, 2025

    Urgent appeal to help defend Tornado Cash’s Roman Storm and the right to financial privacy

    July 14, 2025

    Malta’s MFSA Partially Meets Expectations in MiCA Authorization Process for OKX and Other CASPs

    July 14, 2025

    Video Game Performers Secure AI Consent Rules in New SAG-AFTRA Deal

    July 13, 2025

    Bitcoin gains ground in gold vs. crypto debate

    July 13, 2025

    Fortune Magazine owner to lead Thai firm’s pivot into Bitcoin and DeFi banking

    July 12, 2025

    Bitcoin treasury adoption up 3x YoY, corporates accumulated 725,000 BTC so far

    July 11, 2025

    Circle’s USDC aims for China breakthrough with Ant Group alliance

    July 10, 2025

    ‘Off the Grid’ Token Hits Solana, More Games Shut Down

    July 14, 2025

    LET Mining launches a new cloud mining strategy, using XRP to start remotely and get daily income

    July 14, 2025

    Orbler Joins Forces with ManusPay to Revolutionize Web3 Payments

    July 14, 2025

    IMF Opposes Power Subsidies for Crypto Mining Amid Grid Concerns

    July 14, 2025
  • Analysis

    XRP Price Prediction For July 13

    July 13, 2025

    Bitwise CIO Says ‘Unrelenting Demand’ for Bitcoin Could Boost BTC Closer to $200,000 by End of 2025

    July 13, 2025

    Bank of America Unveils S&P 500 Targets As Wealth Advisory Firm Says Investors Pricing In Goldilocks Scenario for Stock Market: Report

    July 13, 2025

    Florida Attorney General Probing Retail Trading Giant Robinhood for Allegedly Claiming To Be the Least Expensive Crypto Platform

    July 12, 2025

    AltSeason Incoming? Open Interest in These Altcoins Nears $1B Milestone—What’s Next?

    July 12, 2025
  • Learn
    1. Education
    2. Wallets and Exchanges
    3. View All

    What Is Tokenization?

    July 11, 2025

    What Are Internet Capital Markets? Why Companies Are Launching Meme Coins

    June 16, 2025

    What is a Corporate Bitcoin Treasury? The Strategy Behind Companies Holding Crypto

    May 27, 2025

    What Are Tokenized Real-World Assets? Putting Physical Value On-Chain With RWAs

    May 19, 2025

    Bitget Wallet launches new Pump.fun integrated mobile app for meme coin trading

    July 13, 2025

    Binance allegedly wrote the code for WLFI’s stablecoin USD1

    July 12, 2025

    Trump crypto holdings edge higher as WLFI pushes for open trading

    July 12, 2025

    Coinbase partners with Perplexity for real-time crypto insights via AI

    July 11, 2025

    ‘Off the Grid’ Token Hits Solana, More Games Shut Down

    July 14, 2025

    LET Mining launches a new cloud mining strategy, using XRP to start remotely and get daily income

    July 14, 2025

    Orbler Joins Forces with ManusPay to Revolutionize Web3 Payments

    July 14, 2025

    IMF Opposes Power Subsidies for Crypto Mining Amid Grid Concerns

    July 14, 2025
  • Tools
    • Market Overview
    • Converter
Buy Crypto NewsBuy Crypto News
Home»Taxes & Regulation»Block Agrees to $40M NYDFS Penalty Over Lackluster Compliance Program
Taxes & Regulation

Block Agrees to $40M NYDFS Penalty Over Lackluster Compliance Program

April 11, 2025No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Block, Inc. Agrees to $40 Million Settlement with NYDFS

Block, Inc. has reached a $40 million settlement with the New York Department of Financial Services (NYDFS) for what the Wall Street regulator deemed as “significant failures” in its anti-money laundering compliance program. This announcement was made on Thursday.

The company, headed by Jack Dorsey, has also agreed to bring in an independent monitor following violations of the Department’s money transmitter and virtual currency regulations, as stated by the NYDFS.

According to the NYDFS, an investigation revealed that Block’s company lacked proper customer due diligence procedures and did not have adequate systems in place to prevent money laundering and illicit activities.

The NYDFS further pointed out that Block’s services were susceptible to criminal exploitation due to the “lax treatment” of Bitcoin transactions, allowing for mostly anonymous transactions to go unchecked.

NYDFS Superintendent Adrienne A. Harris emphasized the importance of compliance functions keeping pace with company growth or expansion, highlighting the need for stringent measures in place to prevent financial crimes.

Block’s Cash App, regulated under NYDFS as a virtual currency business since 2018 through its BitLicense, made changes last year by discontinuing support for free peer-to-peer (P2P) Bitcoin payments. Instead, the platform has shifted its focus towards other cryptocurrency services that have gained popularity among users.

See also  UK crypto firms must report user data or face fines under new HMRC rules
40m agrees Block compliance Lackluster NYDFS Penalty Program
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

IMF Opposes Power Subsidies for Crypto Mining Amid Grid Concerns

July 14, 2025

Urgent appeal to help defend Tornado Cash’s Roman Storm and the right to financial privacy

July 14, 2025

Malta’s MFSA Partially Meets Expectations in MiCA Authorization Process for OKX and Other CASPs

July 14, 2025

Video Game Performers Secure AI Consent Rules in New SAG-AFTRA Deal

July 13, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

XRP Case Hero? Ripple CEO Praises Lawyer Who Beat SEC

May 17, 2025

Bitgert to Redefine Web3 Solutions in Partnership with FNS

February 12, 2025

Will BTC Price Meet Buyers’ Demand?

March 15, 2025
Price Chart


Explore insights on crypto, blockchain, taxes, and security. Stay informed with expert guides, tips, and the latest trends to navigate the digital asset world confidently


We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

‘Off the Grid’ Token Hits Solana, More Games Shut Down

July 14, 2025

LET Mining launches a new cloud mining strategy, using XRP to start remotely and get daily income

July 14, 2025

Orbler Joins Forces with ManusPay to Revolutionize Web3 Payments

July 14, 2025
Get Informed

Subscribe to Updates

Get the latest creative news From BuyCryptoNews directly in your Inbox!

  • Contact
  • Privacy Policy
  • Terms & Conditions
  • Disclosure
© 2025 BuyCryptoNews - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.