The Society For Interbank Financial Telecommunication (SWIFT) has begun blocking access to international transfers for Iranian member banks as new US sanctions take effect. SWIFT: Block Is ‘Regrettable’ As Reuters originally reported, November 10 marks the first day of action which will see financial institutions cut off from SWIFT, which facilitates cross-border payment instructions to more than 200 countries. In a statement at a Paris event November 7, the organization’s chief executive Gottfried Liebbrandt calledRead MoreThe post SWIFT Kicks Out Iran – One Of The 3 Cheapest Countries To Mine Bitcoin appeared first on Bitcoinist.com.
