Here is what the page “Solana’s Shanghai Event Halted: PBOC Cites Unauthorized Crypto Promotion” contains. A Solana promotional event in Shanghai was reportedly halted after China’s central bank flagged unauthorized crypto promotion. According to China’s Financial News, an unnamed official from the People’s Bank of China (PBOC) said Solana’s campaigns through domestic entities violated China’s restrictio According to China’s Financial News, an unnamed official from the People’s Bank of China (PBOC) said Solana’s campaigns through domestic entities violated China’s restrictions on cryptocurrency-related activities.
The event was part of Solana’s broader push to engage developers and users in China, a market where crypto trading and promotion face strict regulatory limits. The PBOC has maintained a firm stance against crypto since 2017, banning exchanges and ICOs, and later cracking down on mining and all crypto transactions in 2021. For the complete material, the listing points back to the source inside the network.