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Binance’s SWIFT banking partner set to ban USD transfers below $100K By Cointelegraph

by Haris Anwar
January 22, 2023
in Cryptocurrency News
Reading Time: 1 min read
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Binance has informed its retail customer base of a potential incoming service disruption that may halt on and off-ramp bank payment transfers.

The service disruption will impact users of U.S Dollar-held bank accounts that are looking to buy or sell cryptocurrencies for less than $100,000 via the SWIFT payment system. The disruption will take effect on February 1.

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Binance’s letter to Binance retail users on January 21. Source: Binance.