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:
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.
All of the points made by you are correct.
Thanks for elaborating.
Armstrong`s headline and post read like "All retail fiat-crypto flows everywhere will end January 31st. This space will be reserved from now on only for millionaires and even higher tiers".
This is what I wanted to find out about.
I agree with your assessment of his credibility.
But you never know.
Broken clock and stuff....
Sometimes, he does cover interesting stories you won`t find on MSM.
But his endless lectures on ancient coins are particularly exhausting.
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