đ **Hong Kong Steps Up Crypto Game!** đ
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.
đ **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.
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