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

According to China News Weekly, recently a netizen experienced account lockout after noting "Dogecoin" in a transfer at Construction Bank. Ms. Yu stated that a few months ago, she and her husband transferred 250 yuan to each other via Construction Bank, with the note "This week's Dogecoin." Recently, both 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 commitment letter to unfreeze the account, promising that it was not related to virtual currency transactions. An employee at a Construction Bank branch in Dalian said that if the transfer note mentions "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; if only bank statements are available, they 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 that participation in virtual currency issuance and trading activities is prohibited.