JACK DORSEY'S BLOCK FACES SCRUTINY FROM FEDERAL AUTHORITIES OVER NON-COMPLIANT CRYPTO SERVICES

Summary from the TLDR Crypto newsletter

Block, the parent company of Square and Cash App, is under investigation over alleged sanctions, violations, and other regulatory issues. Whistleblowers complained that the company processed transactions linked to sanctioned countries and terrorist organizations, with thousands of suspicious transactions going unreported. Block states that it did not intentionally or knowingly violate sanctions.