Solana advertised in Shanghai’s Lujiazui a few days ago, lighting up the logo across an entire building. Now the central bank has called it out!
On October 14, Solana ads appeared on the exterior wall of the Citigroup Tower in Shanghai’s Lujiazui district. It was quite a high-profile display.
There were originally plans for a series of in-person events in Shanghai, Hangzhou, Shenzhen, and Beijing.
But on October 16, just before the Shanghai event was due to start, it was called off.
At the time, the official explanation was that registrations had suddenly surged, exceeding the number reported to the authorities.
But on November 6, a responsible official from a relevant central bank department told the Financial Times that the relevant authorities had called off the event and would investigate the domestic organizations and individuals involved in promoting it.
The reason was also made very clear: SOL is a virtual currency, and related promotional activities violate current regulatory rules.
I think this time, the issue isn’t whether Solana’s price will fall. It’s that many people saw it advertising in Lujiazui and assumed that China’s stance on virtual currencies had changed 😅
Having a logo lit up on a building doesn’t mean the door to policy has opened.
Technological development is one thing; regulation of virtual currency marketing and trading activities within China is another.
#solana #sol #比特币 #加密货币 #金融监管
On October 14, Solana ads appeared on the exterior wall of the Citigroup Tower in Shanghai’s Lujiazui district. It was quite a high-profile display.
There were originally plans for a series of in-person events in Shanghai, Hangzhou, Shenzhen, and Beijing.
But on October 16, just before the Shanghai event was due to start, it was called off.
At the time, the official explanation was that registrations had suddenly surged, exceeding the number reported to the authorities.
But on November 6, a responsible official from a relevant central bank department told the Financial Times that the relevant authorities had called off the event and would investigate the domestic organizations and individuals involved in promoting it.
The reason was also made very clear: SOL is a virtual currency, and related promotional activities violate current regulatory rules.
I think this time, the issue isn’t whether Solana’s price will fall. It’s that many people saw it advertising in Lujiazui and assumed that China’s stance on virtual currencies had changed 😅
Having a logo lit up on a building doesn’t mean the door to policy has opened.
Technological development is one thing; regulation of virtual currency marketing and trading activities within China is another.
#solana #sol #比特币 #加密货币 #金融监管
