Key Highlights: An unidentified People’s Bank of China (PBOC) official affirmed that overseas entities are prohibited from offering real-world asset (RWA) tokenization services to mainland domestic entities, calling such activities illegal. The regulatory clarification follows the Solana Foundation opening a commercial presence in Shanghai, an event that featured light-show promotions on the Citibank tower in ...
Key Highlights: Binance founder Changpeng “CZ” Zhao refuted accusations that his social media remarks triggered the removal of a Solana advertisement projected in Shanghai’s Bund district. CZ clarified that he holds no animosity toward Solana, highlighting his broad support for digital assets while cautioning that China has clearly not lifted its cryptocurrency ban. Solana Foundation ...
Key Highlights: Former Binance CEO Changpeng “CZ” Zhao denied allegations that his social media comments led to the removal of a Solana advertisement projected in Shanghai’s Bund area. Zhao reaffirmed his broad support for blockchain innovation, highlighting that while Solana’s presence in Shanghai is notable, China has clearly not lifted its cryptocurrency ban. Solana Foundation ...
Key Highlights Former Binance CEO Changpeng “CZ” Zhao addressed speculation linking his public remarks to regulatory disruptions surrounding Solana’s recent promotional activities in Shanghai. Solana’s planned Shanghai event was abruptly postponed after law enforcement arrived, while Solana Foundation President Lily Liu cited a 4x surge in registrations exceeding permitted limits as the reason. Zhao dismissed ...