The People’s Bank of China and Shanghai police interrupted the four-day Solana Accelerate China 2026 tour, held in Shanghai, Hangzhou, Shenzhen and Beijing. The marketing campaign included displaying SOL logos on the Citigroup Tower in Shanghai’s Lujiazui financial district and announcing the opening of a Solana office in Shanghai. According to the central bank, these activities constituted illegal cryptocurrency promotion, particularly because Solana’s infrastructure facilitates cryptocurrency issuance and transactions involving prohibited stablecoins. Authorities also placed responsibility on individuals who provided logistical or public relations assistance, violating a February 2026 agreement banning the promotion of foreign cryptocurrency projects. The Solana Foundation has not yet publicly commented on the investigation.
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