🚀 **Hong Kong Steps Up Crypto Game!** 🌟

Hong Kong's financial regulators are gearing up to adopt European-style reporting standards for crypto OTC derivatives. The HKMA and SFC plan to align with ESMA's Digital Token Identifiers (DTI) by 2025, ensuring transparency and global competitiveness.

🔍 **Key Points:**

- **Global Standards:** New reporting requirements to match ESMA.

- **Digital Token Identifiers:** To clearly identify crypto assets.

- **Timeline:** Implementation by Sept. 29, 2025.

Hong Kong's also advancing its digital currency, e-HKD, with a new pilot phase focusing on tokenized assets, programmability, and offline payments.

💬 What do you think about these changes? Share your thoughts below!