Hong Kong has quietly become a compliance hub in the cryptocurrency world, and this initiative may change the global digital asset landscape.
On August 19, the Hong Kong Digital Asset Anti-Money Laundering Professional Committee (DAAMC) was officially established, which may be the most influential compliance initiative in the Asian cryptocurrency market to date.
Four top institutions—Round Coin Innovation Technology, HashKey Group, Beosin, and Slow Mist Technology—jointly initiated this industry-leading non-profit organization, with the support of the Hong Kong Virtual Asset Industry Association.
01 Committee Established: Hong Kong's Ambition and Vision
Hong Kong is quietly establishing a new benchmark for global digital asset compliance. The establishment of DAAMC is not a coincidence, but part of Hong Kong's carefully planned layout.
This initiative directly responds to the latest guidelines issued by the Hong Kong Monetary Authority (Anti-Money Laundering and Counter-Terrorist Financing), specifically targeting licensed stablecoin issuers.
The committee is committed to promoting collaboration among regulated financial institutions to jointly develop and promote relevant standards and best practices for anti-money laundering and combating the financing of terrorism (AML/CFT).
02 A Strong Lineup: Joint Attack by Industry Giants
The four major institutions participating in DAAMC each bring unique skills, covering key aspects of the digital asset ecosystem. HashKey Group is a leading digital asset financial services group in Asia, holding Type 1, Type 7, and AMLO licenses issued by the Hong Kong Securities and Futures Commission.
Round Coin Innovation Technology is preparing to issue a Hong Kong compliant stablecoin, with its parent company, Round Coin Technology Group, having a deep accumulation in the cross-border payment field.
Beosin and Slow Mist Technology are the two giants in the blockchain security field, providing professional services such as smart contract auditing, AML/CFT tools, and blockchain forensics.
03 Stablecoins: The Core Battlefield of Regulatory Upgrade
Hong Kong's regulation of stablecoins is undergoing a comprehensive upgrade. The establishment of DAAMC will directly impact all projects wishing to issue or trade stablecoins in Hong Kong.
The committee has announced that it will soon release **two technical reports on stablecoin anti-money laundering** and plans to hold a themed seminar at the end of this month.
This means that fully compliant, regulated stablecoins may soon emerge in Hong Kong, challenging the dominance of USDT and USDC.
04 Global Trend: Compliance is Irreversible
Hong Kong's approach is not an isolated case. This initiative echoes the regulatory thinking of the EU's MiCA regulations, marking a trend of tightening and standardizing global regulation of digital assets.
In balancing industry growth with robust investor protection, we are collaborating with the Hong Kong SAR government to make Hong Kong a trusted and sustainable platform that connects to global liquidity, said Julia Leung, CEO of the Hong Kong Securities and Futures Commission.
As compliance requirements increase, market stability may improve, thereby increasing institutional trust and broader market participation.
For investors, this means a safer environment and more sustainable growth opportunities; for industry participants, this is the final ultimatum to adapt or be eliminated.
Compliance is no longer optional, but the cornerstone of the future digital asset ecosystem.
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