📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
It empowers creators to build new types of digital experiences and narratives.
With Tari, digitally scarce assets—like collectibles or in-game items—unlock new business opportunities for creators.
🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
Post original content on Gate Square related to WXTM or its
Block, led by Jack Dorsey, has reached a $40 million settlement with New York regulators over AML violations.
According to ChainCatcher news and reported by The Block, Jack Dorsey's payment company Block, Inc. has reached a $40 million settlement with New York financial regulators due to AML loopholes. The consent order issued by the New York State Department of Financial Services on Thursday stated that the investigation found that the fintech company formerly known as Square failed to adequately consider the significant risks posed by the scale and complexity of its business in its AML program while offering Bitcoin services through Cash App. Regulators specifically pointed out that Block has three major vulnerabilities: a lack of risk-based AML controls, insufficient customer due diligence, and lax handling of high-risk Bitcoin transactions leading to a large number of anonymous transactions going unchecked. This is the second time this year that Block has paid a settlement due to AML issues. In January, the company paid $80 million to financial regulators in 48 states. Block spokesperson stated that this settlement marks the resolution of all state-level remittance license-related matters, and emphasized that while the company has not acknowledged the findings of the investigation, it has invested significant resources to improve the compliance system of Cash App. According to the protocol, Block must appoint an independent monitor to implement the rectifications.