⚖️ China launches investigation into organizers of Solana advertising in Shanghai
On November 6, 2026, a representative of the People’s Bank of China told the newspaper Financial News that authorities had halted Solana Accelerate China 2026 and intended to investigate the activities of local organizations and individuals involved in promoting the project. This includes advertising for Solana on the façade of Citigroup Tower in Shanghai’s Lujiazui district.
According to the regulator, such advertising constitutes the promotion of virtual currencies, which is prohibited in mainland China. The event, scheduled for October, had already been halted; the new development was a public explanation of the reasons and the intention to conduct an investigation.
The names of the companies under investigation, specific penalties, and the investigation’s timeline have not yet been announced. This is not an announcement that the Solana network is banned worldwide, nor is it evidence of wrongdoing by all ecosystem participants.
Source: Financial News (interview with a PBOC representative, November 6), Solana Compass, Boursorama/Cryptoast.
#Solana #Регулирование
On November 6, 2026, a representative of the People’s Bank of China told the newspaper Financial News that authorities had halted Solana Accelerate China 2026 and intended to investigate the activities of local organizations and individuals involved in promoting the project. This includes advertising for Solana on the façade of Citigroup Tower in Shanghai’s Lujiazui district.
According to the regulator, such advertising constitutes the promotion of virtual currencies, which is prohibited in mainland China. The event, scheduled for October, had already been halted; the new development was a public explanation of the reasons and the intention to conduct an investigation.
The names of the companies under investigation, specific penalties, and the investigation’s timeline have not yet been announced. This is not an announcement that the Solana network is banned worldwide, nor is it evidence of wrongdoing by all ecosystem participants.
Source: Financial News (interview with a PBOC representative, November 6), Solana Compass, Boursorama/Cryptoast.
#Solana #Регулирование