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RE: LeoThread 2024-12-27 09:16

in LeoFinance6 days ago

Part 4/8:

It is disheartening that while banks enforce these new anti-fraud measures, they are largely ineffective at preventing real fraud. A video that circulated online illustrated a shocking incident where a customer was only allowed to withdraw 3,000 Yen from a 100,000 deposit, as they were subjected to the bank's rigorous scrutiny of their financial history.

Blind Trust and Irreversible Changes

Historical context provides insight into why banking policies have shifted so dramatically. Following Jack Ma's public criticism of Chinese regulators in 2020, banks began imposing tighter restrictions as a response to avoid scrutiny and potential repercussions. This change sets a tone where withdrawing one's own money feels more like asking for permission rather than retrieving personal assets.