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SWIFT Payments Network to Cut Access to Crypto Exchanges The SWIFT payments network has made an extraordinary decision that will have widespread implications on cryptocurrencies. The move will thwart cryptocurrency access to tens of millions of people worldwide. One of the first crypto giants to notify users of the development this weekend, has been the world’s largest exchange, Binance. “The banking partner that services your account has advised that they are no longer able to process SWIFT fiat (USD) transaction for individuals of less than $100,000 USD as of February 1, 2023. This is the case for all their crypto exchange clients,” said Binance. “Please be advised that until we are able to find an alternative solution, you may not be able to use your bank account to buy and sell crypto with USD via SWIFT with a value of less than $100,000 USD.”