While organisers attribute the disruption to overcapacity, some industry players fear a renewed crackdown on cryptocurrencies.

A Solana-themed event in southern China that was cut short after a local policy inquiry has raised concerns in the country’s cryptocurrency community amid new warnings from Beijing about stablecoin risks, despite organisers attributing the disruption to overcapacity. The Solana blockchain’s Chinese community said on its official social media account that the Solana Accelerate APAC event in Shenzhen, held on Tuesday afternoon, was “exceptionally popular” and attendance far exceeded…

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