China CITIC Bank Banned Institution or Individual to Use Its Account for Cryptocurrency Transactions

[ChainDD report] March 7 (ChainDD) Recently, China CITIC Bank issued a statement saying that from now on, neither institution nor individual could use the account of China CITIC Bank for transaction fund recharge and withdrawal, purchase and sales of relevant transaction recharge codes of Bitcoin, Litecoin and so on.

Transferring relevant transaction capital through China CITIC Bank's account is also prohibited. If related activities are discovered, CITIC Bank has the right to take measures such as suspending related account transactions and canceling related accounts.

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