China Poly Group Clears Up Stablecoin Rumors

China Poly Group has addressed rumors about its involvement in Hong Kong stablecoin projects, clarifying that it has no business ties with these entities. This comes amidst growing regulatory scrutiny of private stablecoins in both China and Hong Kong. The conglomerate emphasized that none of its subsidiaries are involved in related activities, further emphasizing the disconnect between their operations and any Hong Kong stablecoin initiatives.