A Chinese bank account was frozen after a user included the term "Dogecoin" in a transfer note, triggering the bank's cryptocurrency control measures. The individual, who was transferring 250 yuan to her husband, noted "Dogecoin of the week" due to her fondness for a cartoon character. The bank's system flagged this as a potential virtual currency transaction, leading to the account being set to "no receive, no pay" status pending investigation.
Bank officials stated that any transfer notes mentioning terms like "Dogecoin" require proof that the transaction is unrelated to cryptocurrencies. However, bank statements alone are insufficient for this purpose, and such accounts may remain frozen unless closed. The affected user has submitted bank statements and a handwritten declaration to lift the restrictions, but responses from bank branches vary, with some suggesting that providing a marriage certificate might allow for account reactivation.
Bank Account Frozen Over 'Dogecoin' Mention in Transfer Note
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