Poly Group's Definitive Denial of Hong Kong Ties
China Poly Group officially denied any involvement in Hong Kong stablecoin activities, distancing itself from similarly named firms on October 25, 2025, as reported by Sina Finance. The statement aims to prevent market confusion and potential fraud, underscoring firm regulatory oversight without affecting major cryptocurrency markets.
China Poly Group addressed online rumors about its involvement in Hong Kong stablecoin activities, which were found to be unfounded. The group clarified that subsidiaries, including Poly Digital, have no connection, urging vigilance.
This clarification aims to prevent confusion and protect potential investors from unauthorized practices. The group highlighted its lack of any investment, cooperation, or relationship with alleged entities.
Poly Group reminds all sectors of society to remain vigilant, to carefully discern information, and to conduct investment cooperation cautiously. If any illegal activities are discovered, please report to the public security authorities as soon as possible. - China Poly Group, Official Statement
Cryptocurrency Market Stays Calm Amid Clarification
Similar denials by conglomerates in the past have occasionally led to law enforcement actions. Yet, the current situation with Poly Group has not resulted in any direct market consequences.
Market reactions have been muted with no significant shifts in major cryptocurrency prices, highlighting market stability. Regulatory bodies like the HKMA stressed no licensing of these activities, reinforcing caution.
Experts indicate that regulatory clarity from authorities like the HKMA discourages unlicensed activities. The research highlights the importance of transparency in fostering market confidence and reducing fraud risks.