[CCB Responds to Account Lock Due to 'Dogecoin' Transfer Remark, States High-Risk Accounts Will Be Set to 'No Deposit, No Withdrawal' Status] Recently, a user had their account restricted to a 'no deposit, no withdrawal' status by China Construction Bank (CCB) due to a transfer remark containing the term 'Dogecoin.' The bank stated that the remark triggered virtual currency risk monitoring. Staff at CCB branches explained that if an account is involved in virtual currency transactions or includes remarks mentioning 'Dogecoin,' the account holder must provide materials proving no connection to virtual currency in order to lift the restriction; otherwise, the account can only be closed. On December 11, CCB customer service responded that if high risk is detected, the account will be set to a 'no deposit, no withdrawal' status, and the specific criteria for this determination must be consulted with a client manager. The individual involved has since submitted bank transaction records and a marriage certificate to apply for the removal of the restriction.

[U.S. Trade Representative: Washington hopes to remove the 25% tariff on India's purchase of Russian oil] U.S. Trade Representative Katherine Tai stated during a Senate committee meeting that Washington hopes to remove the 25% tariff imposed on India's purchase of Russian oil as soon as possible.

The group calls for a forward-looking framework to maintain the U.K.'s fintech leadership and attract international investment.

[Japan National Tax Agency: Cryptocurrency Back Taxes for 2024 Amount to 4.6 Billion Yen] On December 11, the Japan National Tax Agency announced that in 2024, 613 on-site investigations were conducted on individuals involved in cryptocurrency transactions, resulting in back taxes amounting to approximately 4.6 billion yen, a year-on-year increase of about 31.4%. The agency focused on transactions such as DeFi and airdrops, utilizing AI-assisted screening. If concealment or fraud is detected, an additional penalty tax of up to 40% may be imposed. Currently, the Japanese government is discussing adjusting cryptocurrency income to a 20% separate taxation system, with the relevant direction expected to be clarified by the end of the year.

[South Korea claims Binance only froze 17% of the requested amount of stolen Upbit assets] South Korean police requested Binance to freeze approximately 470 million KRW worth of Solana tokens stolen from Upbit and transferred to Binance. Binance, citing the need for 'further verification of the facts,' only froze 17% of the requested amount (approximately 80 million KRW) and delayed about 15 hours before completing the freeze and providing notification.