[People's Bank of China: Solana's Shanghai Activities Halted and Investigation Launched] A spokesperson for the People's Bank of China (PBOC) stated that the PBOC, in conjunction with local financial management, public security, and market supervision departments, has halted Solana's advertising and offline promotional activities in Shanghai and will work with relevant departments to investigate the involved entities and individuals. Solana advertised, promoted its brand, and conducted cryptocurrency marketing through domestic entities. Solana issued Solana coin and provided technical services for the issuance and trading of cryptocurrencies such as USDT. These activities constitute illegal financial activities, and the promotion of Solana violates relevant regulations. The PBOC will work with relevant departments and local governments to crack down on domestic cryptocurrency-related business activities, focusing on domestic cryptocurrency traders and their domestic affiliates in overseas cryptocurrency issuance and trading platforms. (Source: Financial Times)