Block fined $80m by US state regulators over alleged violations of BSA and AML rules
The settlement follows a multistate enforcement effort involving 48 US state financial regulators.
Block
Cash App to exit UK as Block scales back international expansion plans
Block is currently focused on “growing within the US, not expanding into new markets”.
Jack Dorsey’s Block lays off staff across Cash App, Square and foundational teams
The cuts are to be actioned with immediate effect, according to a staff memo from Dorsey.
Block’s Cash App withdraws bid for Irish virtual asset licence
Cash App had been pursuing a VASP licence in the country since 2021.
Block acquires musician-focused fintech start-up Hifi
The deal is thought to complement Block’s 2021 acquisition of Jay Z’s music streaming service Tidal.
US fintech Block set to close European payments app Verse
The move is part of Block’s plans to reduce brand spending.
IFGS 2023: UK has the opportunity to take the lead on tailored BNPL regulation
Klarna and Block discussed how the UK can set the tone for BNPL regulation at IFGS 2023.
Afterpay shutters its Westpac-powered Money app
Afterpay says customers will not have access to their Money accounts from 10 October 2022.
