CCB responds to Dogecoin transfer note being locked: high risk detected, account will be set to "no deposit, no withdrawal" status

ChainCatcher message, recently, Ms. Yu and her husband transferred 250 yuan to each other via China Construction Bank as pocket money, with the note “This week’s Dogecoin,” and were investigated and had their accounts locked by the bank. The two received calls from CCB staff to verify their relationship and the reason for the transfer note, and they said that the note triggered “virtual currency control,” and the account would be set to a “no deposit, no withdrawal” status. The staff at the account-opening branch told Ms. Yu that to unfreeze the account, she needed to submit her husband’s bank statement for the past few months, and after approval, she would need to write a letter of commitment, promising that there had been no virtual currency transactions previously and that she would not participate in virtual currency transactions in the future. Her husband, strongly opposed to directly restricting the account usage, is negotiating with the staff at his account-opening branch. In response, China News Weekly called the China Construction Bank customer service hotline for consultation, and staff said they had not yet received any information related to virtual currency control and suggested consulting the relevant branch for specific details. Subsequently, China News Weekly inquired at a branch of Tianjin CCB where Ms. Yu’s account was opened, and staff said they were unaware of the situation. However, the staff at a Dalian branch of CCB where her husband’s account was opened stated that if the account involved virtual currency transactions, the bank would impose a “no deposit, no withdrawal” control. If the transfer note mentioned “Dogecoin,” proof materials would be required to demonstrate that the note was unrelated to virtual currency. But the problem lies in how to prove this; if only bank statements are available, they cannot serve as valid proof, so such controlled accounts cannot be unfrozen and can only be closed. As for the specific regulations, the other party did not give a clear response. Currently, Ms. Yu has submitted her husband’s bank statements and a handwritten commitment letter, and is applying to lift the account restrictions; her husband’s bank branch staff replied that once they submit their marriage certificate, they can apply to lift the restrictions. According to Xinhua News Agency, the China Internet Finance Association and six other associations jointly issued a risk warning, requiring members not to participate in virtual currency, real-world asset token issuance, and trading activities within the territory, and reminding the public to recognize risks and stay away from illegal activities.