China Plans Crypto Crackdown on Domestic Crypto Trading Businesses and Offshore Platform Links

China’s central bank says its next enforcement push will target domestic crypto trading businesses and China-based parties tied to offshore platforms, while investigating Solana promotion at a halted Shanghai event. The People’s Bank of China (PBOC) said institutions and individuals connected to the promotion will face investigation. Authorities stopped the in-person event, “Solana Accelerate China 2026,” before it opened, with the PBOC working alongside local financial management, public security and market supervision bodies. The official said Solana promotion violates a notice issued by eight government departments in February. The PBOC’s next enforcement focus will include domestic trading businesses and China-based parties connected to overseas platforms, the official said. Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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