Hong Kong Launches Committee to Strengthen Anti-Money Laundering Standards for Virtual Assets

Hong Kong has established the Hong Kong Digital Asset Anti-Money Laundering Professional Committee (DAAMC) in collaboration with the Hong Kong Virtual Asset Industry Association. This non-profit organization brings together industry leaders like SlowMist and RoundCoin to enhance collaboration among regulated financial institutions. DAAMC is focused on developing and promoting anti-money laundering and counter-terrorism financing (AML/CFT) standards and best practices. 🤝