Binance to halt all USD transfers via SWIFT beginning Feb. 8 Binance crypto cryptocurrencyexchange
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U.S.-based crypto traders who utilize the services offered by Binance.US were quick to respond to the announcement asking if they too would be affected. The U.S. branch of the exchange assuaged those concerns by highlighting that Binance and Binance.US are separate entities, and reassuring them that “Binance.US is not affected by this suspension. Unless you see an official message from Binance.US, our customers will not be affected.
This is the second notable banking challenge related to U.S. dollar transfers for Binance in 2023. On Jan. 21, the exchange’s SWIFT transfer partner Signature Bank informed the firm that it would only be able to process fiat transactions of more than $100,000 beginning on Feb. 1.
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