Solana in China's crosshairs: central bank opens investigation
Original headlineSolana dans le viseur de la Chine : la banque centrale ouvre une enquête
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China’s central bank has opened an investigation into companies and individuals tied to Solana and canceled several Solana-related events in Shanghai after a promotional campaign ran in the city, signaling a renewed tightening of Beijing’s stance on crypto. The move puts Solana (SOL) directly in the crosshairs of Chinese regulators even as the network remains one of the most active chains by trading volume and decentralized finance activity. The scrutiny follows a broader pattern of enforcement against crypto marketing and token-related business activity in mainland China, where digital assets are not banned outright but face heavy restrictions. Traders will watch whether the probe stays limited to event organizers and promoters or expands to exchanges, funds and developers with Chinese ties, and whether SOL price and on-chain activity show any reaction.
Muhabbit's AI wrote this summary in its own words from Cryptoast's report and translated it from French. It can get details wrong, so check the source.
Named in this story
Solana (SOL), People's Bank of China, Shanghai
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