The Hong Kong Monetary Authority (HKMA) will change the current regulatory framework for cryptocurrencies by July this year as the city tries to compete with Singapore to become a cryptocurrency hub. Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news. According to Bloomberg , the financial watchdog is planning to change rules for three areas of the space: stablecoins, investor protection and how institutional investors can deal with cryptocurrencies. The HKMA head, Eddie Yue, says that the regulator wants to adopt a so-called "same risk, same regulation" approach to the cryptocurrency market....