Hong Kong establishes a special committee for AML of digital assets to promote the compliant issuance of stablecoins.

On August 19, 2023, Yuan Coin Innovation Technology, HashKey Group, Beosin, and Slow Fog jointly initiated the establishment of the Digital Asset Anti-Money Laundering Professional Committee (DAAMC). This is an industry-leading non-profit organization established with the support of the Hong Kong Virtual Asset Industry Association (HKVAIA), dedicated to promoting collaboration among regulated Financial Institutions, formulating and promoting top-tier Anti-Money Laundering and Counter-Terrorism Financing (AML/CFT) standards and practices, facilitating the compliant issuance of stablecoins in Hong Kong, and enhancing the financial integrity of the digital asset ecosystem.

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NotSatoshivip
· 18h ago
Hong Kong is up to its antics again.
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ImpermanentSagevip
· 08-19 05:54
Small capital means shivering.
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SatoshiLegendvip
· 08-19 05:52
Beyond the Source Code, all is illusion.
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HypotheticalLiquidatorvip
· 08-19 05:52
Can money laundering still be controlled? Systemic risk warning
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DuskSurfervip
· 08-19 05:52
Finally managed to control it.
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CryptoHistoryClassvip
· 08-19 05:47
*checks history ledger* hmm just like the 2018 self-regulatory attempts... we all know how that ended
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BankruptWorkervip
· 08-19 05:35
Compliance Compliance Hong Kong really understands.
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