HKMA Addresses Concerns Over Chelsea FC Jerseys Featuring USDC

The Hong Kong Monetary Authority (HKMA) stated it does not comment on individual cases regarding Chelsea FC's plan to feature 'USDC' on jerseys. The HKMA clarified that regulations prohibit the active promotion of unauthorized stablecoins in Hong Kong, with compliance determined by factors such as target audience and language. Exemptions may apply to publishers and streamers under specific conditions.