WuBlockchain
China's central bank says authorities halted planned Solana Accelerate China 2026 events in Shanghai and other cities after discovering advertisements in Shanghai's Lujiazui financial district.
A People's Bank of China official said Solana used domestic entities to place the ads and promote cryptocurrencies. The central bank and other authorities will investigate the entities and individuals involved.
Why it matters
The official said the promotional activities violated a February 2026 notice from eight Chinese authorities on preventing and addressing cryptocurrency risks. Local financial regulators, police and market supervision authorities joined the central bank in stopping the events.
Market impact
The move blocks the planned events and puts the advertising campaign under investigation. The PBOC said it will continue targeting domestic cryptocurrency trading businesses and China-based affiliates of overseas cryptocurrency issuance and trading platforms.
Source: [独家｜虚拟货币主要发行平台Solana高调“入沪”被紧急叫停！人民银行有关司局回应 — Weixin Official Accounts Platform](https://mp.weixin.qq.com/s/sctCBtyVWQK6FlGhHRH5WQ)
Frequently asked questions
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Where did authorities discover the Solana advertisements?
A PBOC official said the advertisements were placed in Shanghai's Lujiazui financial district through domestic entities.
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Which Solana events did authorities halt?
Authorities halted planned Solana Accelerate China 2026 events in Shanghai and other cities.
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Which rules did the PBOC say the campaign violated?
The official said the promotional activities violated a February 2026 notice from eight Chinese authorities on preventing and addressing cryptocurrency risks.
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Which authorities were involved in stopping the events?
The PBOC acted alongside local financial regulators, police and market supervision authorities.
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What other crypto businesses does the PBOC say it will target?
The PBOC said it will continue targeting domestic cryptocurrency trading businesses and China-based affiliates of overseas cryptocurrency issuance and trading platforms.
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