Chinese Construction Bank Locks Account Over 'Dogecoin' Transfer Note

As per BlockBeats, on December 12, a couple in China had their accounts locked by the Construction Bank after a 250 RMB transfer with the note 'Dogecoin' triggered the bank's virtual currency monitoring system. The bank placed the accounts in a 'no-receive-no-pay' status and required the couple to submit transaction records and a written commitment to prove the transfer was unrelated to virtual currency. The husband, who opposes the account restrictions, is negotiating with the bank. A bank staff member in Dalian stated that if the note 'Dogecoin' is used, the account cannot be unfrozen without proof unrelated to virtual currency. On December 5, seven associations, including the China Internet Finance Association, jointly issued a risk warning against virtual currency transactions.