New York state’s top financial regulator struck a $40 million settlement with Block Inc., the parent of Cash App, over ...

Announcing the fine on Thursday, New York's Department of Financial Services faulted "critical gaps" in the Bank Secrecy Act.

Sponsored accounts can buy and sell stocks and bitcoin, enable Round-Ups, get paid in Bitcoin, and gift bitcoin through a Cash App Balance ... to another user, fake, or fraud-related.