[Wu Blockchain News] China's Central Bank to Investigate Solana's Advertising Campaign in Shanghai's Lujiazui District

China’s central bank has opened an investigation into Solana’s advertising campaign in Shanghai’s Lujiazui financial district after determining that domestic entities promoted the blockchain through brand marketing tied to cryptocurrencies. The PBOC said the promotions breached a February 2026 notice from eight Chinese authorities on preventing and addressing cryptocurrency-related risks. The move signals that Beijing’s scrutiny extends beyond domestic trading venues to the China-based affiliates and marketing arms of overseas crypto platforms and token issuers. Watch whether the probe produces penalties or guidance for offshore projects seeking visibility in mainland China, and whether Solana’s China-facing events are rescheduled.