As per Coincu, China Poly Group denied any involvement with the rumored 'Poly Stablecoin in Hong Kong' on October 25, clarifying that registered entities have no affiliation with its subsidiaries. The statement aims to address misinformation amid intensified regulatory scrutiny of private-sector stablecoin activities in China. The Hong Kong Monetary Authority (HKMA) also reiterated that it has not approved any stablecoin issuers, reflecting broader regulatory caution in the region.
China Poly Group Denies Ties to Hong Kong Stablecoin Rumors
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