So China finally said the quiet part out loud: Solana's Shanghai showcase was shut down by police, and now the central bank is investigating everyone who promoted it.
The central bank confirmed on Nov 6 that authorities stopped the Solana Accelerate China event on Oct 16, after $SOL branding lit up Citigroup Tower in Shanghai. Promoting a virtual currency breaks China's February 2026 rules, and no names or penalties have been announced yet.
The market is calm about it: $SOL trades near $90.09, up 0.67% in 24h on $1.9B volume, while $BTC holds near $76,000. $90 is the line I'm watching — hold above it and traders are treating this as contained enforcement; lose it and the headline starts getting priced in, with other chains' China promos next in line. Do you read this as a one-off crackdown, or the start of a wider cleanup?
#ChinaProbesSolanaShanghai #CryptoRegulation #CryptoContent
The central bank confirmed on Nov 6 that authorities stopped the Solana Accelerate China event on Oct 16, after $SOL branding lit up Citigroup Tower in Shanghai. Promoting a virtual currency breaks China's February 2026 rules, and no names or penalties have been announced yet.
The market is calm about it: $SOL trades near $90.09, up 0.67% in 24h on $1.9B volume, while $BTC holds near $76,000. $90 is the line I'm watching — hold above it and traders are treating this as contained enforcement; lose it and the headline starts getting priced in, with other chains' China promos next in line. Do you read this as a one-off crackdown, or the start of a wider cleanup?
#ChinaProbesSolanaShanghai #CryptoRegulation #CryptoContent