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IPFS News Link • Central Banks/Banking

Exclusive: SWIFT payments network access cut to crypto exchanges

• Asia Markets

Asia Markets can reveal banks, including New York's Signature Bank, will no longer process fiat currency transfers to cryptocurrency exchanges with a value of less than US$100,000 via the SWIFT network, effective from February 1, 2023.

The move will thwart cryptocurrency access to potentially thousands of customers.


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