Solana Foundation postponed its Accelerate event in Shanghai after pre-registration numbers far surpassed the limit set by local authorities, according to Solana Foundation President Lily Liu.
Registration Surges Prompt Postponement
Lily Liu stated that event registrations quadrupled overnight following widespread publicity. In a post on X, she emphasized that the organizers decided to postpone the event to ensure compliance with local regulations. The foundation took immediate action after realizing the registration figures would breach the maximum attendance allowed by city officials.
Reports from X users emerged on Friday, describing scenes of law enforcement officers present at the venue and indicating that the event was “abruptly suspended” as a result. Participants arriving at the scheduled location found entry and activities halted amid the mounting presence of authorities.
A similar situation occurred in October 2025, when a Solana event in Shenzhen had to be cut short due to capacity concerns and public safety requirements, as confirmed by Solana’s Chinese-language community account at the time.
Four-City Accelerate China Tour Interrupted
Shanghai was initially set to launch Solana’s four-city Accelerate China tour, with subsequent events scheduled for Hangzhou, Shenzhen, and Beijing in the following days. The abrupt postponement disrupted the planned schedule, putting other legs of the tour in question as organizers began reassessing in light of capacity guidelines and local restrictions.
Earlier in the week, Solana executives had promoted the unveiling of a new Shanghai office, signaling the foundation’s expanding commitment to China. This announcement generated substantial interest among the local crypto community, contributing to the spike in registrations for the Shanghai event.
Regulatory Environment Remains Restrictive
China maintains strict bans on a variety of crypto-related activities. The legal framework prohibits token fundraising, cryptocurrency trading, and mining operations. In February, the People’s Bank of China and seven other regulatory agencies published a notice reaffirming these prohibitions and introducing additional restrictions, including a ban on the unauthorized issuance of yuan-pegged stablecoins.
China prohibits a range of crypto-related services, including token fundraising, trading and mining. In February, the People’s Bank of China and seven other agencies doubled down on those restrictions in a notice that added new bans, including unauthorized issuance of yuan-pegged stablecoins.
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