Jihong Co. Quashes Stablecoin License Rumors: No Plans for Digital Currency Dive

Foresight News reports that Jihong Co. (stock code 002803) has officially stated it has no current intentions of applying for a stablecoin license. This announcement comes amidst widespread speculation within the financial sector concerning digital currencies and their regulatory frameworks.

The company's clear declaration puts to rest any rumors about its immediate foray into the stablecoin market, providing much-needed clarity for investors and market watchers. While the digital currency landscape continues to evolve, Jihong Co. is making it known that its focus lies elsewhere for now.