A couple in China encountered account restrictions after a 250 RMB transfer labeled with "Dogecoin" triggered the Construction Bank's monitoring system. The bank froze their accounts, requiring proof that the transaction was unrelated to virtual currency. The husband is contesting the bank's decision. A bank staff member in Dalian confirmed that accounts with "Dogecoin" notes cannot be unfrozen without such proof. This incident highlights the increasing scrutiny on cryptocurrency-related transactions amid tightening regulations in China.
Chinese Bank Freezes Account Over 'Dogecoin' Transfer Note
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
