Embattled Signature Bank Caps SWIFT Access For Binance, Raising Concerns

1 week ago 20
Safety First - Ledger

Promoting Bitcoin Could Damage The Reputation Of Banks, ECB Warns

A recent update by Binance has revealed that Signature Bank, a major SWIFT gateway service provider, will partially terminate access to Binance customers starting in February.

The update sent by Binance, which a customer tweeted, read thus: 

“The banking partner that serves your account has advised that they are no longer able to process SWIFT fiat (USD) transactions for individuals of less than 100,000 USD as of 1st of February 2023.”

Hours after the announcement, concerns were raised about the possibility of ...


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Embattled Signature Bank Caps SWIFT Access For Binance, Raising Concerns