joma jewelry wholesale Will the virtual currency withdrawal bank card be frozen?

wholesale italian jewelry manufacturer Digital currency transactions are illegal to provide public service platforms in China for virtual currency trading in accordance with central bank policies. Bank cards are still sensitive to the situation of bank card involving digital currency transactions. Therefore, if you pay attention to the words such as BTC during the transaction, according to past experience, it is likely to be frozen by the bank.

It virtual currencies
Ip virtual currency refers to non -real currency. There are four main categories of virtual currencies on the market: 1. Gaming coins developed by game operators for players in online games as trading mediums; 2. issued by portals or instant communication tools for this operation network space Special virtual currencies used; 3. Interactive virtual currency that can be used in the main body of virtual currency issuance, but also can purchase goods and services from non -issuance entities; 4. Based on cryptography and modern network P2P technology, through complex mathematical algorithms Special electronic, digital network password coins.

In the notice and announcement issued by the People's Bank of China and other departments, virtual currency is not issued by the currency authorities, does not have legal claims and mandatory currency attributes. The legal status of equivalent currencies should not be used as currency in the market, and citizen investment and transaction virtual currencies should not be protected by law.

The cause of frozen bank cards
Generally, there are five reasons:
1. Anomalial transaction is frozen: if the bank card is a credit card, if there is an abnormal transaction such as malicious cash cash, Bank cards are likely to be frozen by banks.

2. The overdraft exceeding the limit is frozen: the overdraft bank card is limited by overdraft quota. It is formulated by the bank based on the actual repayment capacity. Once the overdraft exceeds the excess, the bank will immediately freeze the bank card.

3. Judicial frozen: If the relevant departments have the needs of case handling, in accordance with relevant laws and regulations, they can apply to the bank to freeze the bank card account under the personal name.

4. The password of the wrong password is frozen: the cardholder enters the withdrawal password, if the error is made three consecutive times. The banking system will automatically freeze the bank card, and generally it will be lifted automatically after 24 hours.

5. Expired frozen: The bank card is valid. If the cardholder does not apply for a new card after the validity period, the bank will freeze the expiration bank card.