started · updated
China halts Solana event in Shanghai amid regulatory investigation
The People’s Bank of China (PBOC) has confirmed the halting of the Solana Accelerate China 2026 event in Shanghai. Authorities, including local police and market supervision agencies, intervened following alleged unauthorized promotional activities involving domestic entities.
According to an unidentified PBOC official, Solana’s marketing campaign included displaying the SOL token logo on the Citigroup Tower in Shanghai’s Lujiazui financial district. Regulators stated that such activities violate existing cryptocurrency restrictions, specifically a February 2026 notice issued by eight government agencies. The PBOC noted that Solana provides technical services that support the issuance and trading of digital assets, such as Tether’s USDT stablecoin, which is prohibited under Chinese regulations.
An investigation has been launched into the domestic companies and individuals who provided logistical and public relations support for the promotion. While Solana Foundation President Lily Liu previously attributed the event’s postponement to registration numbers exceeding venue capacity, Chinese authorities have characterized the disruption as a coordinated regulatory action against illegal financial promotion.
Entities
Changpeng Zhao · Citigroup Tower · Lily Liu · People's Bank of China · People’s Bank of China · Shanghai · Solana
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 4 SOURCES] Solana displayed the SOL token logo on the Citigroup Tower in Shanghai’s Lujiazui district. cointelegraph.com · coin-turk.com · cryptocompass.com
- [● 2 SOURCES] The promotional activities allegedly violated a regulatory notice issued in February 2026 by eight government agencies. en.bitcoinsistemi.com · cryptocompass.com
- [● 6 SOURCES] Authorities are investigating domestic entities and individuals involved in Solana’s promotional activities. www.merca2.es · coin-turk.com · en.bitcoinsistemi.com · cryptocompass.com · thecoinrise.com
- [● 7 SOURCES] The People’s Bank of China halted the Solana Accelerate China 2026 event in Shanghai. cointelegraph.com · www.merca2.es · coin-turk.com · en.bitcoinsistemi.com · cryptocompass.com · +1 more
- [● 2 SOURCES] Solana Foundation President Lily Liu attributed the event postponement to registration numbers exceeding venue capacity. cointelegraph.com · cryptocompass.com
- [● 4 SOURCES] Solana provides technical services that support the issuance and trading of assets like Tether’s USDT. cointelegraph.com · www.merca2.es · en.bitcoinsistemi.com · cryptocompass.com