Dogecoin Crisis in China: Bank Freezes Account Over a Single Word

In China — where Bitcoin and all cryptocurrency activities remain strictly banned — a new controversy has erupted involving Dogecoin (DOGE).

And it all began with just one word written in a bank transfer note. According to China News Weekly, a woman transferred 250 yuan to her husband a few months ago. In the payment description, she wrote “Dogecoin.”

Account Immediately Frozen China Construction Bank reviewed the transfer, detected the reference to cryptocurrency, and promptly froze the woman’s account — despite the fact that the transfer itself had nothing to do with crypto trading. The bank stated that the note violated crypto-related regulations, and therefore deposits and withdrawals on the account were temporarily suspended.

Strict Conditions for Unfreezing the Account The woman was told she could unblock her account only under several conditions: her husband must submit several months of bank statements,he must sign a written declaration that he has never engaged in cryptocurrency activity,he must commit not to participate in crypto transactions in the future. Bank staff added that the restriction can only be removed if there is sufficient documentation proving no involvement with crypto, emphasizing that bank statements alone “may not be enough.”

China Tightens Control Over Crypto This case drew widespread attention on Chinese social media, where users highlighted the extreme degree of monitoring within the country’s banking system. It also shows that China’s crackdown on cryptocurrencies is far from over.

Seven major financial associations previously issued a nationwide warning about crypto trading risks, instructing member institutions to avoid any crypto-related activities entirely. The Dogecoin incident demonstrates how aggressively banks are now enforcing these guidelines.

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