China halts Solana crypto event as local promoters face investigation

China’s central bank confirmed on November 6, 2026, that authorities halted Solana’s Accelerate China 2026 crypto event in Shanghai on October 16 over prohibited promotional activity. The intervention followed an advertising campaign featuring SOL branding on a skyscraper, and authorities are investigating local companies and individuals who helped organize the promotion. The People’s Bank of China coordinated with Shanghai police, local financial regulators and market supervision authorities to stop the gathering. The campaign included a large display on Citigroup Tower in Shanghai’s Lujiazui financial district on October 14. Authorities considered the offline marketing too aggressive. A central bank official said the campaign constituted illegal cryptocurrency promotion under China ’s existing restrictions.

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