🚨China’s central bank has reportedly worked with other authorities to shut down Solana’s ads and in-person events in Shanghai. The organizations and individuals involved will also face investigation.

Crypto circles abroad might still see China as a “gray area,” but mainland China’s restrictions on crypto businesses aren’t exactly a secret.

So why go big with a promotional campaign in Shanghai? Did whoever signed off on this not know the local rules? Or did they think calling it an “ecosystem meetup” would get them a free pass? 🤷#solana #crypto