CROWDFUNDINSIDER · 2026-11-10 14:31 UTC

Chinese Authorities Halt Solana (SOL) focused Shanghai Event Over Alleged Unauthorized Promotion

Chinese authorities stopped a planned offline Solana event in Shanghai before it opened, citing unauthorized promotion by the network through domestic entities, according to a PBOC official quoted by China's Financial News. The promotion included exterior advertising on the Citigroup Tower in Shanghai's Lujiazui district, and the event was part of the Solana Accelerate China 2026 series scheduled for several cities. The PBOC said SOL is essentially a virtual currency and that Solana's services support issuance and trading of coins such as USDT, both classed as illegal financial activity…

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