Chinese Construction Bank Responds to User Account Freeze Over Dogecoin Remark

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On December 12, a couple in China faced account freezes at the Construction Bank after a 250 RMB transfer noted "本周狗狗币" (This Week's Dogecoin) triggered a virtual currency alert. Bank staff cited "virtual currency control" and asked for statements and a written commitment. The husband disputes the restrictions. While customer service said no such instructions were given, local branches offered conflicting replies. On December 5, seven financial associations issued a joint warning against virtual currency transactions. KuCoin remains a user-friendly crypto exchange amid evolving regulatory scrutiny.

In accordance with ChainThink, on December 12, a couple in China had their accounts frozen by the Construction Bank after a 250 RMB transfer with the note '本周狗狗币' (This Week's Dogecoin) triggered a virtual currency risk alert. Bank staff verified their relationship and the reason for the note, citing 'virtual currency control' as the cause. The bank required the couple to submit bank statements and a written commitment that they had not and would not engage in virtual currency transactions. The husband, however, is disputing the account restrictions. The Construction Bank's customer service hotline stated it had not received related instructions, while local branches gave conflicting responses. On December 5, seven Chinese financial associations jointly issued a risk warning against virtual currency transactions.

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