alt Hacker NewsIf Italy doesn't shut down their services, the Italy itself will be shut out of SWIFT.
Replies
mdp2021 • today at 2:12 AM
> Italy itself will be
Because of a decision from the USA administration? ?!
If Italy doesn't shut down their services, the Italy itself will be shut out of SWIFT.
> Italy itself will be
Because of a decision from the USA administration? ?!
>...then* Italy itself will be shut out of SWIFT.
SWIFT is headquartered in Belgium. Only 2 banks out of the total 24 on the board of directors is US banks. Unless there's a hostile takeover of the SWIFT organisation by the US, I think this is a bit of a stretch. (Plot-twist: Italy is on the board of directors.)