$964 million agreement: Block reaches principle agreement with U.S. Department of Justice over Cash App anti-money laundering deficiencies

Odaily reports: Bitcoin News posted on X that Block has agreed in principle to a $964 million agreement with the U.S. Department of Justice over anti-money laundering deficiencies in Cash App. Prosecutors will defer filing charges for violating the Bank Secrecy Act for a period of three years; if Block fulfills its obligations, prosecutors will subsequently seek to dismiss the charges.