Construction Bank responds to transfer note "Dogecoin" being locked: If the account involves virtual currency transactions, the bank will implement "no deposit, no withdrawal" control measures

According to China News Weekly, recently a netizen experienced account lockout after noting "Dogecoin" in a transfer at Construction Bank. Ms. Yu, the involved party, stated that a few months ago she transferred 250 yuan to her husband via Construction Bank with the note "This week's Dogecoin." Recently, both of them received calls from bank staff, who said that the note triggered "virtual currency control," and the account was set to "no deposit, no withdrawal" status.

Bank staff required submission of bank statements and a letter of commitment to unfreeze the account, promising that the transaction was not related to virtual currency. A staff member at a Dalian Construction Bank branch said that if the transfer note states "Dogecoin," proof materials must be provided to demonstrate that the note is unrelated to virtual currency. However, the problem lies in how to prove this; with only bank statements, it cannot serve as valid proof. Therefore, such controlled accounts cannot be unfrozen and can only be closed.

Ms. Yu has already submitted relevant materials to request lifting the restriction. Previously, on December 5, the China Internet Finance Association and six other associations jointly issued a risk warning, requiring no participation in virtual currency issuance and trading activities.