A post by @WatcherGuru on X.
JUST IN: China's Central Bank launches investigation into Solana $SOL over cryptocurrency advertising in Shanghai.
@WatcherGuru on X
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China's central bank has opened an investigation into Solana over cryptocurrency advertising in Shanghai, according to a Watcher.Guru report. The probe targets SOL, the native token of the Solana network, though the report did not specify which advertising activities or entities drew scrutiny. The development matters because China has maintained a restrictive stance on crypto trading and promotion since its 2021 ban, and any regulatory attention toward a major layer-1 token like SOL could weigh on sentiment. Solana is among the largest smart-contract networks by total value locked and stablecoin activity, so clarity on the scope of the inquiry will be key. What to watch next is whether the central bank's review remains a narrow advertising matter or expands into broader oversight of Solana-linked activity in mainland China.
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Named in this story
Solana (SOL), China's Central Bank, Shanghai
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