Techub News reported that according to Cointelegraph, the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) stated that after studying the responses to a consultation paper in March 2024, they will adopt the reporting requirements set by the European Securities and Markets Authority (ESMA) for crypto over-the-counter (OTC) derivatives, and are expected to introduce new reporting requirements before September 29, 2025.