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A comment on Binance says banking partner will stop processing SWIFT transfers under $100K. Parent comment

Re:Binance says banking partner will stop processing SWIFT t... by int_19h on Sunday January 22, 2023 @04:43PM (#34482544)
Conversion to local currency happens on the black markets. And BTC so exchanged just flows back out of the country.
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Re:Binance says banking partner will stop processing SWIFT t... by lern_too_spel on Monday January 23, 2023 @06:10PM (#34496430)
Same with USD held abroad.
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Re:Binance says banking partner will stop processing SWIFT t... by int_19h on Wednesday January 25, 2023 @01:55PM (#34522572)
How do you get USD held abroad into the country, short of physically smuggling cash past the customs with all the danger that entails? A bank wire or something like Western Union is within the regulatory framework and will get you reported.
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