🇨🇳 China Halts Solana Roadshow in Shanghai
China’s central bank (PBOC) has stopped the Solana Accelerate China 2026 event in Shanghai on Oct 16 and opened an investigation into the campaign.
🔹 Officials say promoting SOL and Solana’s token technology breaks China’s ban on virtual currency services
🔹 The probe targets mainland companies and individuals who helped with the promotion
🔹 SOL fell about 7% in 24 hours around the news, during a wider risk-off move in crypto
🔹 Solana Foundation says the delay was about venue limits, not a regulatory order
👀 Next: possible action against local marketing agencies and mainland offices of overseas platforms. Hong Kong, meanwhile, is moving in the opposite direction.
Do you think more projects will pull back from China-facing campaigns? 👇
#solana #SOL #Crypto #CryptoNews #china #blockchain
Not financial advice. Source: Financial News (PBOC)
$SOL
China’s central bank (PBOC) has stopped the Solana Accelerate China 2026 event in Shanghai on Oct 16 and opened an investigation into the campaign.
🔹 Officials say promoting SOL and Solana’s token technology breaks China’s ban on virtual currency services
🔹 The probe targets mainland companies and individuals who helped with the promotion
🔹 SOL fell about 7% in 24 hours around the news, during a wider risk-off move in crypto
🔹 Solana Foundation says the delay was about venue limits, not a regulatory order
👀 Next: possible action against local marketing agencies and mainland offices of overseas platforms. Hong Kong, meanwhile, is moving in the opposite direction.
Do you think more projects will pull back from China-facing campaigns? 👇
#solana #SOL #Crypto #CryptoNews #china #blockchain
Not financial advice. Source: Financial News (PBOC)
$SOL
