Block, the company that owns Cash App, agreed Wednesday to pay $80 million to 48 states that fined the company for violating laws intended to keep illicit activity off the platform.
“State regulators found Block was not in compliance with certain requirements, creating the potential that its services could be used to support money laundering, terrorism financing, or other illegal activities,” a press release from the Conference of State Bank Supervisors says.
Interesting to hear a "normal" person prescriptive on it is to easy to send and there for we need regulations