China’s central bank prepares probe into Solana over crypto services

Reports say the People's Bank of China is preparing to probe Solana over its activities in China, including a campaign in Shanghai, following the abrupt suspension of a Solana event in October that involved law enforcement. China remains a hostile jurisdiction for crypto, so an official investigation adds legal and operational risk for Solana-linked projects and could weigh on SOL sentiment. Traders should watch for confirmation from the PBOC and any impact on Solana activity in the region.