BlockBeats news, on August 19, YuanCoin Innovation Technology, HashKey Group, Beosin, and Slow Mist jointly initiated the establishment of the Digital Asset Anti-Money Laundering Professional Committee (DAAMC), a leading industry non-profit organization established with the support of the Hong Kong Virtual Asset Industry Association (HKVAIA). It aims to promote collaboration among regulated financial institutions, develop and promote top-tier anti-money laundering and counter-terrorism financing (AML/CFT) standards and practices, facilitate the compliant issuance of stablecoins in Hong Kong, and enhance the financial integrity of the digital asset ecosystem.