Taiwan banks dey freeze inactive accounts to fight fraud, e dey make people compare with digital banking and DeFi

Four big banks for Taiwan—Bank of Taiwan, Taichung Bank, KGI Bank, and Taiwan Cooperative Bank don introduce new rules wey go freeze or restrict access to NTD deposit accounts wey no be active as part of nationwide move to stop financial scam. The move dey affect about 1.5 million users wey dey do digital banking and e separate for each bank: Bank of Taiwan dey freeze automatic functions for accounts wey no active for six months and get small balance; Taichung Bank reduce digital transaction limits to zero for accounts wey no dey online well well since July 4; KGI Bank stop transactions for accounts wey don sit down one year and get balance below minimum since April; Taiwan Cooperative Bank stop online and ATM access for accounts wey low balance and no dey active but you fit still do over-the-counter transactions. People wey the matter affect must go their original branch with ID face to face to restore access, this process don cause wahala because e no too remain digital friendly. This strong anti-scam rule don cause complaints say e no easy again and e bring back debate between financial security and user-friendly digital bank. This matter strong against decentralized finance (DeFi) systems wey dey put user autonomy and asset control front front even though dem still dey face scams and theft risk. For bigger picture, Taiwan reform follow global trend for better control, including better anti-money laundering and compliance rules for both traditional banks and crypto exchanges, showing how financial service dey change and how digital and decentralized options dey get more attention.