Square Bitcoin Disclosures

Effective Date: July 21, 2025

By enabling Square’s bitcoin products, Bitcoin Conversions and Bitcoin Payments (collectively “Square Bitcoin”), offered by Block, Inc. (“Square” “us” “we” or “Block”), you acknowledge these Square Bitcoin Disclosures. Cash App Investing LLC, a subsidiary of Block, does not trade bitcoin or provide bitcoin services and Block is not a member of FINRA or SIPC. Square Financial Services, Inc, a subsidiary of Block, does not trade bitcoin, custody bitcoin, or provide any other bitcoin-related services. Bitcoin is not a stock or security and your bitcoin holdings are not protected by the FDIC or SIPC.

Virtual currency services are not licensable activity in all U.S. states and territories.

Block, Inc. operates in New York as Block of Delaware and is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Trading virtual currency involves risk; you may lose money.

Square is not responsible to you for any virtual currency, token or other digital asset received or held through air drops, forks or other similar mechanisms, and Square will have no duty, responsibility or obligation to you with respect to such assets, unless and until you have been notified explicitly in writing by Square that such assets will be deposited into your Square account.

Bitcoin is not legal tender and is not backed by any government. Bitcoin held in Square is not FDIC-insured and does not have the protections associated with a bank account. There is no recourse to recover bitcoin that is lost in the event of technical failures, insolvency, or cybersecurity incidents.

You are responsible for securing access to your account and preventing unauthorized virtual currency transactions.

The Company may provide you with the ability to preauthorize automatic bitcoin purchases. You have a right to cancel your preauthorization for these recurring purchases at any time and initiate the procedure to stop such preauthorized purchases, as more fully described in the Square Bitcoin Terms of Service.

Square Bitcoin is not available in New York.

State-Specific Disclosures Related to Square Bitcoin

Block maintains licenses to engage in money transmission and virtual currency activities in many U.S. states. Where you live may impact some of the products and services we provide. Block’s licenses can be found on the Licenses page. If you wish to file a complaint directly with the regulatory agency of your state, you may do so using the agency contact information available on that page.

If you live in the following jurisdictions, we are providing you with the following information related to Block’s virtual currency activities.

Florida

NOTICE: By the Florida Office of Financial Regulation
BY GRANTING BLOCK, INC. A LICENSE, THE FLORIDA OFFICE OF FINANCIAL REGULATION IS NOT ENDORSING THE USE OF DIGITAL OR VIRTUAL CURRENCIES.

U.S. currency is legal tender backed by the U.S. government. Digital and virtual currencies are not issued or backed by the U.S. government, or related in any way to U.S. currency, and have fewer regulatory protections.

The value of digital and virtual currencies is derived from supply and demand in the global marketplace which can rise or fall independently of any fiat (government) currency.

Holding digital and virtual currencies carries exchange rate and other types of risk.

POTENTIAL USERS OF DIGITAL OR VIRTUAL CURRENCIES, INCLUDING BUT NOT LIMITED TO BITCOIN, SHOULD BE FOREWARNED OF A POSSIBLE FINANCIAL LOSS AT THE TIME THAT SUCH CURRENCIES ARE EXCHANGED FOR FIAT CURRENCY DUE TO AN UNFAVORABLE EXCHANGE RATE. A FAVORABLE EXCHANGE RATE AT THE TIME OF EXCHANGE CAN RESULT IN A TAX LIABILITY. PLEASE CONSULT YOUR TAX ADVISOR REGARDING ANY TAX CONSEQUENCES ASSOCIATED WITH YOUR HOLDING OR USE OF DIGITAL OR VIRTUAL CURRENCIES.

If you have a question or complaint, please contact Square Support or call (855) 700-6000.

Hawaii

Hawaii customers who choose to open accounts with Block are advised that the virtual currency or digital currency purchased, whether as an investment, for making payments, or other purposes, may lose value, including the loss of some or all of your original purchase amount.

Maine

Please note the following disclosures associated with virtual currency and the exchanging, transferring, or storing of virtual currency through the Company:

The Company may charge a fee when you buy, sell, or convert virtual currency. The schedule of fees can be found on the Square Fees Page.

Virtual currency is not legal tender in the United States, is not backed by the United States government, and accounts and value balances are not subject to Federal Deposit Insurance Corporation or Securities Investor Protection Corporation protections or otherwise privately insured by the Company.

Transactions in virtual currency may be irreversible, and accordingly, losses due to fraudulent or accidental transactions may not be recoverable.

The Company is not responsible for any unauthorized, mistaken, or accidental transfers. Should you discover an improper transaction, the Company may take reasonable steps to reverse the transaction, but the Company is not obligated to take any action, and such actions may be unavailable.

Some virtual currency transactions shall be deemed to be made when recorded on a public ledger, which is not necessarily the date or time that the customer initiates the transaction.

The Company may provide you with the ability to preauthorize automatic bitcoin purchases. You have a right to cancel your preauthorization for these recurring purchases at any time and initiate the procedure to stop such preauthorized purchases, as more fully described in the Square Bitcoin Terms of Service.

You have a right to receive a periodic account statement, account balance valuations, and transaction receipts, and you may do so by logging into your Square account.

As is your right, the Company will provide at least 30 days prior notice of a change in the Company’s fee schedule, other terms and conditions relating to the Company’s virtual currency business activity with you, and policies applicable to your account.

Minnesota

Please note the following disclosures associated with virtual currency and the exchanging, transferring, or storing of virtual currency through the Company:

The Company may charge a fee when you buy, sell, or convert virtual currency. The schedule of fees can be found here.

Virtual currency is not legal tender in the United States, is not backed by the United States government, and accounts and value balances are not subject to Federal Deposit Insurance Corporation or Securities Investor Protection Corporation protections or otherwise privately insured by the Company.

Transactions in virtual currency may be irreversible, and accordingly, losses due to fraudulent or accidental transactions may not be recoverable.

The Company is not responsible for any unauthorized, mistaken, or accidental transfers. Should you discover an improper transaction, the Company may take reasonable steps to reverse the transaction, but the Company is not obligated to take any action, and such actions may be unavailable.

Some virtual currency transactions shall be deemed to be made when recorded on a public ledger, which is not necessarily the date or time that the customer initiates the transaction.

The Company may provide you with the ability to preauthorize automatic bitcoin purchases. You have a right to cancel your preauthorization for these recurring purchases at any time and initiate the procedure to stop such preauthorized purchases, as more fully described in the Square Bitcoin Terms of Service.

You have a right to receive a periodic account statement, account balance valuations, and transaction receipts, and you may do so by logging into your Square account.

As is your right, the Company will provide at least 30 days prior notice of a change in the Company’s fee schedule, other terms and conditions relating to the Company’s virtual currency business activity with you, and policies applicable to your account.

Tennessee

Block is licensed by the Tennessee Department of Financial Institutions as a money transmitter. The Tennessee Department of Financial Institutions does not regulate virtual currency. Please note that this license and the required surety bond do not cover the transmission of virtual currency. However, any company that offers to exchange, administer, or maintain virtual currencies for sovereign currency may be subject to state regulation and licensing as well as federal regulation.