China central bank probes Solana after Shanghai shutdown, report

China’s central bank has opened an investigation into Solana following the shutdown of an “illegal” promotional event in Shanghai last month, according to a report. The probe by the People’s Bank of China targets the Solana ecosystem after authorities halted the event, though the article does not specify token prices, total value locked, trading volumes, market capitalization or funding figures. The scrutiny matters because China maintains a strict stance on crypto activity, and any regulatory attention toward a major layer-1 network can shape sentiment across the market. What to watch next is whether the investigation produces formal findings, penalties or guidance that could affect Solana-related projects and events in mainland China.