Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
For now, it seems to be limited to Binance USD-accounts.
It applies to whatever exchanges are using Signature Bank as their SWIFT partner, and the move was initiated by the bank and not SWIFT.
So, this is not as universal as you (and I) may take it when reading the headline/blog post.
No, as SWIFT transfers are also handled by other banks. Furthermore:
Quote
Only 0.01% of Binance's monthly users are served by Signature Bank.
Apparently Signature Bank had a $50k min. in place since 2016, and exchanges like Binance traditionally pooled user withdrawals together to make this amount. This is probably be what they will do in the future. So, nothing sinister is actually afoot.
I'm not sure when the last time Armstrong was a credible source for... anything, but it was likely over a decade ago.
thanks for digging...