Yuanbi Innovation Technology, HashKey Group, Beosin, and SlowMist have joined to form the DAAMC, supported by HKVAIA, to strengthen AML/CFT compliance and stablecoin regulations in Hong Kong’s digital asset sector.
Yuanbi Innovation Technology, HashKey Group, Beosin, and SlowMist have jointly announced the creation of the Digital Asset Anti-Money Laundering Professional Committee (DAAMC), a non-profit supported by the Hong Kong Virtual Asset Industry Association. The initiative aims to unite regulated financial institutions in setting and advancing Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT) standards, encourage compliant issuance of Hong Kong stablecoins, and promote financial integrity in the digital asset market. According to the announcement, DAAMC will align with Hong Kong Monetary Authority guidelines and evaluate global compliance practices, reinforcing cooperative efforts to enhance the industry’s regulatory adherence.