Solana Breaches China’s Crypto Wall With New Shanghai Office

The establishment of a new Solana Foundation office in one of Shanghai’s highest commercial buildings has drawn out criticism from industry leaders, who wonder how China, with its historic anti-crypto stance, allowed a top-ten cryptocurrency to set up shop in the country. Solana seems to have bypassed China’s Great Crypto Wall to set up a commercial office high in Shanghai’s commercial district. The office, in the Shanghai Tower in the Lujiazui financial district, was first shown in a video shared by Vibhu Norby, Chief Product Officer of the Solana Foundation, surprising high-level cryptocurrency executives, who wondered how a top-ten crypto firm could have entered China with its historical anti-digital-asset policies, with the People’s Bank of China (PBOC) doubling down on its position earlier this year.

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