Big news about Block, the company that makes Cash App! They're talking with New York state officials about some problems with how they handle Bitcoin and keeping money safe from bad guys. It's all about making sure they follow the rules.
- Block is talking to New York regulators.
- The talks are about Block's Bitcoin and safety rules.
- Block already paid big money to settle similar problems in other states.
| Thing | Amount |
|---|---|
| Penalty paid to other states | $80 million |
| Penalty to customers | $55 million |
| More money to customers (possible) | $75-$120 million |
It's important to remember that Bitcoin is a type of digital money. Block is working to make its systems better and safer for everyone.
