Block sets aside $764 million for DOJ settlement as bitcoin profit drops 50%

🚨 Block will pay $764 million to resolve a DOJ probe into its AML controls.
⚡ Gross profit from bitcoin business fell 50% as Block focused on payments over trading in $BTC.
🔍 The DOJ investigation began after Hindenburg alleged Cash App inflated user numbers.

Continue Reading:Block sets aside $764 million for DOJ settlement as bitcoin profit drops 50%

The post Block sets aside $764 million for DOJ settlement as bitcoin profit drops 50% appeared first on COINTURK NEWS.