Solana
Solana Advertisement Removed Quickly in Shanghai Amid Existing Crypto Restrictions
An outdoor Solana advertisement in Shanghai was taken down within minutes, highlighting the continuing enforcement of crypto trading bans in mainland China.
A Solana promotional advertisement displayed on Shanghai's Bund waterfront was removed after approximately 10 minutes, while local authorities also postponed an in-person Solana event in the city after restricting guest access.
Binance founder Changpeng Zhao dismissed suggestions on social media that his public commentary had triggered the regulatory response. Zhao stated that censors removed the ad hours before he came across it online, noting that Chinese media is monitored in real time.
The swift removal underlines the regulatory climate in mainland China, which has banned cryptocurrency trading since 2021 and expanded restrictions in February to cover stablecoin issuance and asset tokenization. Zhao noted that while the ad removal indicates that restrictions remain firmly in place, Solana continues to maintain an office in Shanghai.
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