PBOC Targets Crypto Trading Firms and Offshore Ties After Halting Solana Event
China's central bank is widening its crypto crackdown. The PBOC says domestic trading businesses and China-based parties linked to offshore platforms are next, and it's investigating the promotion of Solana at a Shanghai event that was stopped before it opened.
China's central bank is turning up the heat. The People's Bank of China said its next enforcement push will go after domestic crypto trading businesses and China-based players tied to offshore platforms, according to a PBOC official. Investigators are also digging into how Solana was being promoted at a Shanghai event that never got off the ground.
Authorities shut down the in-person gathering, billed as
TopicsPeople's Bank of China · Solana · SOL · Tether · USDT · Citi · Shanghai · Lujiazui
Source: tokenpost.com
Written by Paparazzi with AI. Not financial advice.
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