China’s crypto bans have not eliminated interest among investors, academics and developers, Joseph Chee, Executive Chairman of Solana Co., said at Korea Blockchain Week. He argued that Beijing may eventually favor managing crypto activity over outright prohibition because concerns about speculation, fraud, capital flight and financial instability could make supervision more practical than a blanket ban. Chee did not suggest an imminent policy reversal, saying any shift could take considerable time. Solana Co. is a treasury company focused on acquiring the SOL token and is separate from the Solana Foundation, giving Chee’s view a direct connection to the asset. China banned initial coin offerings and crypto fundraising in 2017, then outlawed crypto transactions and restricted mining in 2021. Those mainland restrictions remain in force. Hong Kong adopted a different approach in 2023 by licensing platforms to serve retail crypto investors, creating a potential model for supervised activity. Developer events in Chinese cities, including Solana Accelerate APAC in Shenzhen in October 2025, show that technical engagement continues despite the bans. The event drew enough attendance to face minor police scrutiny over overcapacity, while additional events are scheduled for October 2026. The outlook depends more on policy direction than timing, with Hong Kong’s market and developer activity in mainland cities key areas to watch.