China Poly Group Clears Stablecoin Rumors, Denies Hong Kong Involvement

China Poly Group has categorically denied involvement in any stablecoin projects within Hong Kong, addressing rumors suggesting a connection to such ventures. Despite these denials, no immediate market response or price fluctuations have been observed for major cryptocurrencies like Bitcoin and Ethereum. The denial echoes China’s regulatory focus on digital currency, potentially impacting perceptions but not directly influencing the market prices of leading crypto assets.