Bank trouble after buying crypto - need real help

[Dazinoz]

31 minutes ago, ddl said:

 

Thanks to everyone who joined the discussion and shared valuable advice about trading crypto on exchanges.
However, I’m still hoping to get an answer to the only question I asked in my post:
Who can recommend a service (legal, accounting, expert, etc.) that can actually help resolve this banking restriction issue?

I believe it might require dealing with the Thai Cyber Crime Investigation Bureau (CCIB).

Appreciate any real leads - please DM me if you know someone who can help!

Have you ever used a lawyer or professional services here? Like most countries they are expensive. I will give you 3 personal experiences.

 

1. Ex girlfriend had her motorbike registered in my name due to he lack of ID. New gf wanted it out of my name. Visited recommended lawyer. Chatted about 20 mins. He spoke to ex on phone a few minutes. Coat - 2000.

 

2. Same ex had baby to me. Later demanded large payment. I visited a large group lawyer. Less than 30 minutes and I requested a letter for her to sign with 6 conditions on it. Cost for that consult - 4000. Later they emailed and said they could not legally include 3 of the points I requested but they could draft a letter with other 3 conditions. Cost for that letter was going to cost - 14000.

 

3. Renewing my Australian drivers licence for Thailand and needed 8 documents to be witnessed and endorsed as true copies. Contacted notary. Cost - 1000 per page or 8000.  Luckily I found Queensland JP living in Chiang Mai who did it for me. Cost - 0

 

So be aware.

[Dazinoz]

2 minutes ago, Dazinoz said:

Thai Cyber Crime Investigation Bureau (CCIB)

Where is the cyber crime being committed? Had similar happen in Oz. Not a crime just bank policy.

[malathione]

4 hours ago, JBChiangRai said:

 

Members (myself included & I do know a lawyer who specialises in this) are unlikely to provide help when you only give scant details. You said you bought on a crypto exchange, you also say regular P2P stuff.  Which is it?  P2P? or P2B (crypto exchange).

 

Buying on a Thai crypto exchange is perfectly legal, buying from another person can be considered money laundering. Buying on a foreign exchange with funds from Thailand breaks the currency control laws. Selling crypto on a Thai exchange bought overseas breaks the currency control laws (although this happens all the time and the TRD will want their cut).

 

 

P2P can be done via CEX's as well. Payment is done via your Thai bank account or True Money or similar to another Thai bank account or similar. Binance and OKX both allow/facilitate this. I'm assuming that's what is being referred to here. Essentially you set a price and your location and what you're selling on the exchange and other users can contact you via the exchange to buy. 

[Nemo.]

On 4/24/2025 at 6:10 PM, scubascuba3 said:

why would getting attention be a problem? usually people want customers

Crypto is the favorite of scammers, conmen, terrorists,  paedos and drug dealers.

 

So attracts attention.

[Liverpool Lou]

On 4/24/2025 at 4:17 PM, ddl said:

Of course I went to the bank - that was the first thing I did.
They just told me the issue is coming from some government-level agency, and they can't give me any real details. So it's not something the local branch can fix.

That’s why I’m trying to find Thai legal experts who actually understand how these restrictions work. Without their help, there’s no way I can sort this out on my own.

What "restrictions", what "issues"?

[Liverpool Lou]

On 4/24/2025 at 3:36 PM, ddl said:

I’ve been buying crypto on an exchange (nothing shady, just regular P2P stuff),

 

On 4/24/2025 at 3:36 PM, ddl said:

please DM me.
Better to keep it private so people you recommend don’t get unwanted attention.

 

You appear to be contradicting yourself, why should "unwanted attention" be drawn to sorting out anything legitimate?

[Liverpool Lou]

On 4/25/2025 at 8:28 AM, hotsun said:

Theres a reason thai people hide their money in their home rather than the banks there

Is there...what would that reason be? 

Who says Thai people generally don't put their money in Thai banks?

[Magictoad]

On 4/25/2025 at 9:19 AM, JackGats said:

I'm not surprised. Acquaintance of mine converted 30k euro worth of crypto into euros through transfer to his EU bank account. He'd given warning to the bank through his usual contact at the bank where he was well known and had been banking for 30 years. All the same, his account was rescinded overnight, no explanation given. They (banks, governments) don't want us to do crypto. Soon the only way will be to own private wallets, buy crypto from one another, never convert to fiat, pay only trustworthy merchands (eg porn website, escort girls, drug dealers) with crypto. If you have crypto on a crypto exchange, it's high time to transfer the lot to a private wallet IMO.

 

The OP doesn't say from which crypto exchange he bought. From what I understand some exchanges are considered more legit than others. On the other hand, this might be a Thailand thing.

I love your definition of "trustworthy merchants." I agree with you 100%. The crims and those living on the edge of society are often, no usually, more trustworthy than the straights. Like with the Halwa money system for moving massive amounts of money around the world without using banks or letting the Tax man know. It's all based on trust. The Pakistani immigrants bought the system to England in the 60s and ran rings around the authorities.

[Liverpool Lou]

On 4/25/2025 at 9:06 AM, Peterphuket said:

It has always put me off buying crypto too, if there is a bank in between you are not sure of  your life, sorry I mean to say you don't know if your money is still trusted there.

Why would your money not be "trusted" in a Thai bank?

[Liverpool Lou]

On 4/25/2025 at 9:27 AM, pub2022 said:

Better use an exchange (and a bank) in your own country, not a thai one.

Why?

[Liverpool Lou]

On 4/25/2025 at 9:35 AM, renaissanc said:

In Thailand, the bank guarantee is only one million Baht, regardless of how many millions you have in the bank.

For most Thai banks, not all of them.

[robz]

Only regulated companies (bitkub, skrill, ...) are legal in th.

 

Best if you go on the offensive and clear it up with the authorities.
If you’re in Pattaya, I can recommend Magna Carta as a law firm.

[NativeBob]

P2P is not an "exchange transaction". Like I buy something from the poster at AN doesn't make it as "I bought at AN"

You'd transferred money to some bank account that might me on the "watch list". Good for you! Now you're on that list. And that is not "private list" - it is being shared within Thai banks security systems. 
The only right thing to do is to close that account asap. 

Lawyer? Are you going to sue the Thai bank? 

FYI: You might financed some terrorist group or launder some bloody money. You'll never know. 

[kdrayong]

With Bitkub I have only good experiences.

It's very easy to transfer THB from or into your Thai bank account.

[Caldera]

On 4/24/2025 at 3:36 PM, ddl said:

I’ve been buying crypto on an exchange (nothing shady, just regular P2P stuff), but now my bank account is under review - restrictions, weird checks, that kind of thing. I haven’t done anything illegal

 

What makes you think that doing a P2P crypto exchange is legal in Thailand?