The truncated headline is extremely misleading; it makes it sound like they're having a currency crisis, rather than this being an anti-fraud measure. (I'm not finding any indications in other sources that there is a currency crisis or that the anti-fraud rationale is pretextual, though I could have missed something.)

(ETA: HN title has been re-edited, previously didn't have the "to curb fraud" clause.)

When discussing the headline on HN, can you please quote the headline that you are discussing? Headlines are commonly edited by mods without any history, so it's hard to tell if you're discussing the current headline or something else.

It makes it sound like they're having an argument with the 3M Company to me.

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.

I've read the headline and my first thought was, "they're overdue on tackling fraud", but perhaps it should be clarified.

Yeah, flagged for editorialisation. (EDIT: Unflagged for mentioning fraud. Would also recommend changing the ambiguous 3M to 3mm or 3mn.)

There is no clean distinction between anti-fraud and currency control