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That’s not only closure, that’s global currency control. Every account is now subjected to a transfer limit. Even if the anti-fraud motif is genuine, that’s a
by StopDisinfo910 1y ago
That’s not only closure, that’s global currency control. Every account is now subjected to a transfer limit.
Even if the anti-fraud motif is genuine, that’s a pretty extreme amount of control. Not that it’s in any way strange coming from Thailand. Foreign exchange and capital inflow and outflow are already controlled.
- walterbell 1y agohttps://news.ycombinator.com/item?id=45240304#45240968 https://news.ycombinator.com/item?id=45240304#45240968 > Assistant [Bank of Thailand] Governor.. acknowledged that current procedures for identifying and freezing suspected “mule accounts” need refinement to prevent harming innocent customers. Many account holders have taken to social media to express frustration...