Swift payments network to cut access to crypto exchanges

Re:Swift payments network to cut access to crypto exchanges by wmf on Saturday January 21, 2023 @06:03PM (#34471701)

Binance reportedly sent emails to their customers saying they've been cut off from SWIFT.

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Re:Swift payments network to cut access to crypto exchanges by hestefisk on Saturday January 21, 2023 @06:22PM (#34471904)

Source?

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Re:Swift payments network to cut access to crypto exchanges by cjensen on Saturday January 21, 2023 @07:37PM (#34472678)

Yes, but since Binance routinely lies about things, that doesn't mean much.

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Re:Swift payments network to cut access to crypto exchanges by gggggg5 on Saturday January 21, 2023 @09:56PM (#34473750)

What does Binance routinely lie about?

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Re:Swift payments network to cut access to crypto exchanges by cjensen on Sunday January 22, 2023 @12:31AM (#34474639)

Its assets. They claim to own so much commercial paper that they would be one of the top owners of the class, yet no one who sells paper for a living has heard of them.

The kinds of audits it has had.

The amount of regular money it has in the banks.

And even lying so badly that basic fourth-grade math says that month-to-month reports from binance cannot be truth.[1]

[1] https://www.kalzumeus.com/2022/11/11/tether-required-recapit...

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Re:Swift payments network to cut access to crypto exchanges by kevinak on Sunday January 22, 2023 @02:45AM (#34475284)

Binance doesn’t have anything to do with Tether, you’re probably mixing them up with Bitfinex, another crypto exchange.

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Re:Swift payments network to cut access to crypto exchanges by gggggg5 on Sunday January 22, 2023 @07:11AM (#34476589)

>https://www.kalzumeus.com/2022/11/11/tether-required-recapit...

At no point does this blog post mention Binance, it discusses an entirely different cryptocurrency exchange.

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