KBank blocked WISE

[The Old Bull]

Could be worse in Canada I had to show ID to change two Yankee $5 bills for a $10. At least I didn't have to tell them where I got them but I guess that's coming.

[BumGun]

On 2/9/2025 at 7:33 AM, ukrules said:

That's nuts, why do they care?

Fraud and other criminal undertakings normally.  I can't speak for K Bank and Thailand but it happens semi-often in Australia and it also happens there are false positives, under the law they are not allowed to tell you why, your accounts are just closed if they meet particular criteria (they aren't allowed to tell you what that criteria is). It's why many people move to crypto but to get cash, you still need an exchange and of course most crypto has a block chain and can be traced (assuming you haven't washed it or aren't using an anonymous token like Monero).

 

It could be they were lax and are now tightening down, could be a false positive, could be new legislation. We plebs will never know.

[Tomio]

On 1/18/2025 at 2:16 PM, WebGuy said:

Didn't know that if being on LTR and getting income from abroad is not taxed. Is this really correct? 

 

If this is correct, I am closing my Thai company and switching to LTR.