Solana Shanghai event halted over alleged unauthorized promotion
In short
Solana’s Shanghai event was stopped after reports said its promotions broke China’s crypto rules.
A PBOC official, cited by China’s Financial News, said the campaigns through local entities were not allowed.
What the reporting says
Solana’s Shanghai event was halted after allegations that promotional campaigns by domestic entities violated China’s crypto restrictions. A PBOC official, cited by China’s Financial News, said the promotions were unauthorized. The reported action highlights continued regulatory scrutiny of crypto-related marketing in China.
Why it matters
Solana’s Shanghai event was halted after a report said promotional campaigns through domestic entities allegedly breached China’s crypto-related restrictions. The claim was attributed to an unidentified PBOC official cited by China’s Financial News. This is relevant to Solana’s event plans and to the wider crypto sector in China, where marketing and promotion face tight oversight.