BAD news for crypto: SWIFT will no longer process transactions less than $100k to crypto currency exchanges
- Thread starter shiv
- Start date
They misspelled billions.
Fuck you fake news bastards.
It’s all the damn Ching Chong’s at AsiaMarkets.com
Nearly impossible for SWIFT to enforce.
They primarily operate off the 8 / 11 digit SWIFT code. If big banks are banking these clients - and they are starting too - they’re going to piss off their key bank members when they are massively under threat from hundreds of other disrupters.
To enforce such a measure, they’d have to start having filter against beneficiary account names(field 59) and will create massive administrative/ operational work.
No way they follow through if this is accurate.
They primarily operate off the 8 / 11 digit SWIFT code. If big banks are banking these clients - and they are starting too - they’re going to piss off their key bank members when they are massively under threat from hundreds of other disrupters.
To enforce such a measure, they’d have to start having filter against beneficiary account names(field 59) and will create massive administrative/ operational work.
No way they follow through if this is accurate.
Unfortunately, required to SWIFT
MalO
Elite
If I understand it correctly it prevents poor people from buying crypto?
It's coming in the wake of that Davos meeting. I'm guessing they're all going to buy into the new fedcoin or whatever crypto is going to be used in the new financial system. They will get deeply entrenched as super-wealthy in the new currency and buy it up at dirt cheap launch prices before it rises in value and they let the poors in.
I hate them so much.
It's coming in the wake of that Davos meeting. I'm guessing they're all going to buy into the new fedcoin or whatever crypto is going to be used in the new financial system. They will get deeply entrenched as super-wealthy in the new currency and buy it up at dirt cheap launch prices before it rises in value and they let the poors in.
I hate them so much.
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