China's Central Bank Says Promoting Solana Breaks the Rules, Vows Probes

China's central bank just put Solana in its crosshairs. The People's Bank of China says promoting Solana and related crypto activity runs afoul of local regulations, according to Cointelegraph. And it isn't stopping at a statement.

The PBOC says it will open investigations into domestic entities tied to overseas crypto issuance and trading platforms. That means Chinese firms helping push foreign token projects — Solana included — could land in the regulator's path.

The warning lands inside China's already hard line on crypto, where trading and mining have been banned since 2021. Naming a specific blockchain, though, sharpens the message: the PBOC isn't just policing exchanges, it's watching who talks up which coins.

Solana is the target this time, but the language about overseas issuance and trading platforms reaches wider. Any domestic outfit acting as a bridge to offshore crypto business now has a target on its back.

No details yet on which entities the PBOC has in mind or what penalties could follow. For now, the signal is clear: in China, boosting Solana counts as a regulatory problem.