SOL Shanghai has completely fallen through. China's stance is crystal clear: absolutely not…
The Sol conference, originally scheduled to be held in Shanghai, was urgently shut down by multiple government departments before it even opened. The reason was that the organizers had placed advertisements on the exterior walls, openly promoting virtual currencies.
The relevant officials made it clear: SOL itself is a virtual currency, and this public blockchain still provides transaction technology support for assets such as USDT. Under the regulations, this kind of promotion within China is itself a violation. They will also investigate the organizations and individuals involved, with a focus on cracking down on domestic affiliates of overseas platforms.
I doubt any project teams will dare come to China again after this.
The Sol conference, originally scheduled to be held in Shanghai, was urgently shut down by multiple government departments before it even opened. The reason was that the organizers had placed advertisements on the exterior walls, openly promoting virtual currencies.
The relevant officials made it clear: SOL itself is a virtual currency, and this public blockchain still provides transaction technology support for assets such as USDT. Under the regulations, this kind of promotion within China is itself a violation. They will also investigate the organizations and individuals involved, with a focus on cracking down on domestic affiliates of overseas platforms.
I doubt any project teams will dare come to China again after this.
