Hong Kong Establishes Committee to Enhance Crypto AML/CFT Standards

Hong Kong has launched a dedicated committee focused on strengthening Anti-Money Laundering and Counter-Terrorist Financing (AML/CFT) regulations within the digital asset landscape. The Hong Kong Digital Asset Anti-Money Laundering Committee (DAAMC), established on August 19, 2025, is supported by industry leaders like the Hong Kong Virtual Asset Industry Association, SlowMist, and Yuanbi. This initiative aligns with new policies targeting stablecoin issuers, impacting digital asset compliance standards and fostering collaboration between stakeholders.