CZ Says Solana Shanghai Event Paused Due to Unfamiliarity with Local Policies
Binance founder CZ commented on X regarding the Solana Shanghai event, stating, "It's unfortunate to see. It seems they really don't understand the local policies? But this isn't the first time; a similar incident happened less than a year ago."
A cited on-site post mentioned that the event at the Shangri-La Hotel in Shanghai was temporarily paused today, with 8 to 9 law enforcement officers present, preventing attendees from entering for over an hour.
When asked, "What is your purpose for attending this event?" one person hesitated and replied, "I'm a blogger, here to gain traffic."
Previously, Lily Liu publicly explained that the event was delayed due to a fourfold increase in registrations overnight, exceeding the number limit reported to local government departments, and apologized; the on-site post described the presence of law enforcement and the situation of attendees being blocked.
CZ's comments linked the incident to "unfamiliarity with local policies" and pointed out that a similar situation had occurred less than a year ago.
This comment came after Lily Liu's statement about the light show promotion and the oversubscription leading to the delay, shifting the focus from community enthusiasm to the familiarity with local compliance and reporting requirements.
Source: Public Information
ABAB AI Insight
As the founder of Binance, CZ has consistently provided public commentary on related cryptocurrency activities and regulatory environments in China, often comparing the challenges faced by different public chains in the Chinese market; the 2025 Shenzhen Solana event was also shortened due to venue capacity and public safety issues, highlighting the constraints of offline events in the region regarding reporting and crowd control.
The Shanghai event was delayed due to a surge in registrations exceeding the reporting limit, with descriptions of law enforcement present and intercepting attendees; CZ attributed the cause to unfamiliarity with local policies and referenced a similar incident from less than a year ago, forming a continuous observation of public chain expansion offline in China.
This is similar to other cryptocurrency projects facing temporary adjustments or crowd control when hosting offline events in China (such as some public chain events being rescheduled due to reporting or crowd issues), or internet companies being halted in specific city markets due to compliance details; currently, Solana is transitioning from online community activities to physical events like the Lujiazui light show and multi-city tours, and CZ's comments place it within a comparative framework of "policy familiarity."
Essentially, this reflects regulatory changes: China's reporting requirements for offline cryptocurrency activities regarding attendee numbers, venues, and public safety directly translate promotional effects into on-site compliance pressures; public chains enhance visibility through light shows and open offices, but event execution remains constrained by local governance frameworks, making "community enthusiasm" and "policy familiarity" parallel constraints rather than merely market demand issues.
ABAB News · Law of Cognition
- Oversubscription ≠ Event can be held, reporting limit takes precedence.
- When law enforcement is present, familiarity with policies becomes a key variable.
- Recurring incidents in the same market indicate structural constraints.