Hong Kong has established a professional committee on anti-money laundering of digital assets, and participates in slow fog, round coins, etc.

PANews reported on August 19 that according to Hong Kong Media News, the non-profit organization Hong Kong Digital Assets Anti-Money Laundering Professional Committee (DAAMC) announced that it will be established with the support of the Hong Kong Virtual Asset Industry Association, with participation from Slow Fog, Yuancoin and others. The organization is committed to formulating and promoting anti-money laundering and combating terrorist financing (AML/CFT) standards and practices by promoting the collaboration of regulated financial institutions. DAAMC will respond to the "Anti-Money Laundering and Counter-Terrorism Financing Guidelines (Applicable to Licensed Stablecoin Issuers)" issued by the Hong Kong Monetary Authority (HKMA), and explore and study the world's on-chain identity verification related to on-chain authentication.


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