Hong Kong establishes a Digital Asset Anti Money Laundering Professional Committee, with participation from SlowMist, Yuan Coin, and others According to Hong Kong media Sing Tao Daily, the non-profit organization Hong Kong Digital Asset Anti Money Laundering Professional Committee (DAAMC) announced its establishment with the support of the Hong Kong Virtual Asset Industry Association, with participation from SlowMist, Yuan Coin, and others. The organization is committed to developing and promoting anti money laundering and counter-terrorism financing (AML/CFT) standards and practices by promoting collaboration among 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 industry compliance standards related to on chain identity verification that are emerging globally.