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China halts Solana event in Shanghai, citing violations of crypto promotion rules and plans investigations.

Market News
06 Nov 2026, 12:21 WIB
Crypto news
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Bearish
China halts Solana event in Shanghai, citing violations of crypto promotion rules and plans investigations.

China's central bank stopped a Solana promotional event in Shanghai due to violations of the country's cryptocurrency advertising restrictions. Authorities found that Solana collaborated with local entities to advertise in Shanghai's financial district, which is banned under Chinese crypto regulations. The event's suspension follows China's ongoing crackdown on crypto activities, targeting domestic dealers and entities linked to overseas platforms. Regulators plan to investigate involved parties and intensify enforcement of crypto rules domestically.

Solana trades at Rp1.628.000 on Pluang as of Nov 06, 2026 17:31 WIB, down 7.47% in the last day. The platform shows a market cap of Rp963,44T and a 24-hour volume of Rp74,51T. Sell orders slightly lead at 52%, with typical holders keeping Solana for 72 days.

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