China Poly Group Clears Air on Stablecoin Rumors

Major Chinese conglomerate, China Poly Group, has officially denied involvement in any Hong Kong stablecoin operations amidst recent rumors. The denial comes as the Hong Kong Monetary Authority (HKMA) confirms no approved stablecoins within its jurisdiction. The group issued a statement clarifying their non-association with these projects and emphasizing that they have not engaged in any business activities connected to them.