According to Cointelegraph, the Solana Shanghai event was halted after an unidentified PBOC official informed China’s Financial News that promotional activities conducted through domestic entities allegedly violated China’s restrictions on cryptocurrency-related matters.
The official’s statement indicated that Solana’s use of local partners for promotional efforts ran afoul of existing regulatory boundaries. No further details were provided regarding the specific actions taken by Solana or the timeline of the halt.
The event’s suspension reflects enforcement of domestic rules rather than any official announcement from Solana itself. The report does not include statements from Solana representatives, nor does it specify the nature of the promotional activities beyond their use of domestic entities.
China’s Financial News cited the PBOC official’s account; no other sources or parties were referenced in the report. The development concerns compliance with national regulations governing crypto-related promotion.
