u/Agreeable-Cup-6423

Wise accounts registered to customers in Thailand will be moved to a Thai-licensed entity.

This means:

Full local regulatory oversight Additional verification requirements Compliance aligned with Thai financial regulations.

Foreign currency received into a Wise account will be automatically converted into THB The resulting THB balance will be held within a Thai-regulated entity The transaction will be processed under Thai financial regulation.

All transactions may count as remittance and might be taxed as income for thai tax residents.

If you are Thai tax resident, meaning you spend 180 days or more in Thailand during a calendar year.

It looks like another attempt at getting more tax revenue from foreigners.