📢 Hong Kong’s financial regulators, the HKMA and the SFC, are expected to regulate the reporting of OTC derivatives products, including crypto derivatives, in line with international standards starting from September 2025. Key points of the new regulations include:

  • Implement Unique Transaction IDs (UTIs), Unique Product IDs (UPIs), and Critical Data Elements (CDEs) to align with global practices.

  • Incorporate Digital Token Identifier (DTI) and adopt ISO 20022 XML standard for consistent reporting.

📈 These changes are aimed at synchronizing Hong Kong’s cryptocurrency regulations with the EU and other major markets, making the city a leading international financial center for OTC derivatives products.

📊 #hongkong #otc #CryptoCurrurencyNews #bitcoin #SFCHồngKông