Chinese authorities halted the Solana Accelerate event in Shanghai over alleged unauthorized promotion involving domestic entities, state-backed Financial News reported, citing an unidentified People’s Bank of China official. The official said Solana had advertised through domestic entities and claimed its technical services supported crypto activities that are illegal under Chinese rules.
Solana Foundation president Lily Liu gave a different account, saying organizers postponed the event to comply with local requirements after registration unexpectedly quadrupled and exceeded a cap filed with authorities. The source does not establish whether the reported halt and postponement describe the same action.
