Solana opens Shanghai office via private entity as China event is postponed
- —Shanghai Solana entity registered in June with 5 million yuan capital
- —In August it took a 45% stake in a joint venture, Shanghai Yaokun Qiusuo
- —Shanghai event postponed after overnight registrations quadrupled
- —Hangzhou and Shenzhen legs also delayed; Beijing set for Oct 22
Why it matters: Solana is expanding in China despite a crypto trading ban, but the lack of a confirmed legal link to the foundation raises regulatory and reputational questions.
Source: CoinPost