🚀 Big news in the blockchain world! Block Inc., the company behind Cash App, is settling with the NY Department of Financial Services for $40M over money-laundering safeguard issues. The regulator highlighted past lapses in handling high-risk Bitcoin transactions, leading to anonymous dealings slipping through.

Block, founded by Jack Dorsey, is now under orders to tighten compliance and work with an independent monitor. While Block hasn't admitted to the findings, they're eager to move forward.

What do you think about the impact of compliance on blockchain innovation? Share your thoughts! 💬