By Vukan Ljubojevic | TH3FUS3 Senior Writer
Two top-level Hong Kong financial regulators have co-announced their intent to adopt reporting requirements set by the European Securities and Markets Authority (ESMA) for crypto over-the-counter (OTC) derivatives. The new rules are expected to be implemented by 2025, aligning Hong Kong with global standards.
Jindong Coinlink Technology, RD InnoTech, Standard Chartered Bank, Animoca Brands, and Hong Kong Telecommunications are the first five participants
The country's largest virtual bank has already signed deals with stablecoin issuers and is in talks with ten others