China's PBOC just dropped the hammer on $SOL promotions đš
They're explicitly calling out Solana-related activities as violations of local regs. Not just warnings anymoreâPBOC is actively hunting down domestic entities tied to overseas crypto platforms and token issuance.
This isn't new China FUD, but the specificity on $SOL is notable. They're tightening the noose on anything touching offshore exchanges.
If you're operating in mainland China or have exposure to Chinese liquidity flows, this is a red flag for compliance risk. Expect more enforcement waves.
They're explicitly calling out Solana-related activities as violations of local regs. Not just warnings anymoreâPBOC is actively hunting down domestic entities tied to overseas crypto platforms and token issuance.
This isn't new China FUD, but the specificity on $SOL is notable. They're tightening the noose on anything touching offshore exchanges.
If you're operating in mainland China or have exposure to Chinese liquidity flows, this is a red flag for compliance risk. Expect more enforcement waves.