Over three million Thai bank accounts were frozen instantaneously without warning as a result of government overreach. Retailers are no longer accepting cards, demanding payment in cash as they, too, are worried that they will be removed from the banking system. Assistant Governor of the BoT, Darunee Saeju, publicly stated that the central bank is working to “immediately unlock wrongly affected accounts.” Saeju insists that new measures will enable the banks to verify accounts in under 48 hours. Government overreach has backfired, and the people are removing themselves from the banking system entirely. Vietnam recently erased 86 million unverified bank accounts.