Central Bank of Hong Kong to change the rules for regulating cryptocurrencies in six months By Derek Black On Jan 12, 2022 Share Get real time updates directly on you device, subscribe now. Subscribe The Hong Kong Monetary Authority (HKMA), amid competition with Singapore for the title of the world cryptocurrency hub, will revise the legislation on cryptocurrencies by July. The Central Bank of Hong Kong is developing rules for regulating stablecoins as a payment instrument. The management intends to take a tough approach to the issue, since such assets pose “possible risks to monetary and financial stability.” HKMA is…