Hong Kong Aligns Crypto OTC Derivative Rules with European Standards

Hong Kong Aligns Crypto OTC Derivative Rules with European Standards

Hong Kong financial regulators have set new requirements for over-the-counter (OTC) crypto derivatives, aligning their approach with European Securities and Markets Authority (ESMA) standards. Key to the new rules is the adoption of Digital Token Identifiers (DTIs) for accurate asset identification. On September 26, the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) announced a framework to bring their rep...

Hong Kong Aligns Crypto OTC Derivative Rules with European Standards Coinatory

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