TechFlow, Dec 11 — According to China Newsweek, a netizen recently had her bank card suspended after including the word "Dogecoin" in a transfer remark with China Construction Bank (CCB). Ms. Yu, the affected customer, said that several months ago she transferred 250 yuan to her husband via CCB and added the remark "this week's Dogecoin." Recently, both received calls from CCB staff stating that the remark triggered the bank’s "virtual currency monitoring system," resulting in their accounts being set to "no receipt or payment" status.
CCB staff stated that to lift the restriction, customers must submit bank statements and a written commitment declaring the transaction was unrelated to virtual currency trading. A CCB branch in Dalian confirmed that if the transfer note contains terms like "Dogecoin," customers must provide evidence proving the remark has nothing to do with virtual currencies. However, the issue lies in how such proof can be provided—mere bank statements are not considered valid documentation. As a result, such restricted accounts cannot be reinstated and can only be closed.
Ms. Yu has now submitted relevant documents to apply for lifting the restriction. Earlier, on December 5, seven industry associations including the National Internet Finance Association of China issued a joint risk alert, warning the public against participating in any virtual currency issuance or trading activities.
