Binance’s SWIFT has banned USD transfers below $100K

Binance’s banking partner SWIFT has decided to stop USD wire transfers below $100K. The termination of bank payment transfers will go into effect on 1 February.  The news was released by Binance on 21 January in the form of a letter, where the exchange platform stressed that it is looking for a new SWIFT (USD) partner to avoid this type of disruption.  Binance: the ban on transfers via SWIFT payment system Retail customers of Binance have now been informed, the SWIFT payment service is discontinuing a certain type of bank payment transfers.  However, the world’s largest exchange platform wanted to