RE: SWIFT's Decision To Not Support Crypto Exchange Transfers Could Help Hive

3d
LeoFinance
1 Min Read
104 words

https://decrypt.co/119743/signature-bank-halts-swift-transactions-under-100000-crypto-users-says-binance

“One of our fiat banking partners, Signature Bank, has advised that it will no longer support any of its crypto exchange customers with buying and selling amounts of less than 100,000 USD as of February 1st, 2023,” a Binance spokesperson said in an emailed statement to Decrypt. “As a result, some individual users may not be able to use SWIFT bank transfers to buy or sell crypto with/for USD for amounts less than 100,000 USD."

It's clearly implied that it isn't SWIFT making this decision.
It's Signature Bank making the decision.
And they only do 0.01% of Binance's business.

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Other articles are saying how this is bigger than Signature, that they are just the first to reveal it.

https://www.asiamarkets.com/swift-network-cuts-access-to-cryptocurrency/

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3
3d (edited)

Yeah I just noticed that... Seems unclear at the moment.

I guess we only have to wait a week to find out?

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