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China central bank targets Solana over Shanghai advertising and canceled event

By Rony Roy

China’s central bank has confirmed that authorities halted a Solana promotional event in Shanghai and will investigate local entities and individuals involved in the blockchain network’s marketing activities. According to an exclusive report by China’s Financial Times, an official from…

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Central bank

The public institution that manages a country's currency, money supply and benchmark interest rate, such as the Federal Reserve or the Reserve Bank of India.

Its decisions on rates and money supply move loan costs, currencies and markets for everyone in the economy.

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Blockchain

A shared digital ledger in which records are grouped into blocks and linked so that past entries are very hard to change.

It underpins cryptocurrencies and is tested for payments, supply tracking and record keeping.

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