Odaily Planet Daily News 📢 Jack Dorsey's payment company Block, Inc. has reached a $40 million settlement with New York state financial regulators due to anti-money laundering loopholes. The New York State Department of Financial Services pointed out that this company, formerly known as Square, failed to adequately address the risks associated with the scale and complexity of its operations through its Bitcoin services provided via Cash App. Specific issues include: a lack of risk-based anti-money laundering measures, insufficient customer due diligence, and lenient handling of high-risk Bitcoin transactions. Nevertheless, Bitcoin continues to demonstrate strong growth potential globally! 🚀