China’s Central Bank Investigates Solana Over Illegal Crypto Services
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 ...