Latest SWIFT News

  • Binance Expands Fiat Gateway to Support 15 New National Currencies
    Binance Expands Fiat Gateway to Support 15 New National Currencies
    Binance added support for the new currencies through a partnership with crypto asset and fiat money institutional custodian Etana Custody. Major cryptocurrency exchange Binance has added support for deposits in 15 additional fiat currencies to its platform. According to a July 7 announcement, Binance added support for the United Arab Emirates dirham, Australian dollar, Canadian dollar, Swiss franc, Czech koruna, euro, British pound, Hong Kong dollar, Danish krone, Hungarian forint, Mexican peso, Norwegian krone, New Zealand dollar, Polish złoty and Swedish krona. Binance added the new currencies through a partnership with crypto asset and fiat money institutional custodian Etana Custody. Binance CFO Wei Zhou told Cointelegraph that users can transfer the funds via SWIFT wire transfer, adding, "After linking Binance accounts to Etana accounts, Binance users can wire funds directly from their bank accounts to Etana, and then have their Etana fiat balance credited to the corresponding Binance accounts instantly and free of charge by initiating a fiat deposit request on Binance." A more accessible fiat onramp for Binance users Etana’s onboarding process includes Know Your Customer and Anti-Money Laundering checks compliant with the Bank Secrecy Act.
  • Tether: Challenging the USD’s Hegemony, Championing CBDC and Beyond
    Tether: Challenging the USD’s Hegemony, Championing CBDC and Beyond
    Exploring six major points regarding Tether’s impact on geopolitics and the future development of sovereign digital currency. In 2008, a momentous occasion took place with the release of the Bitcoin (BTC) white paper.