According to Mars Finance, on August 19, Yuan Coin Innovation Technology, HashKey Group, Beosin, and Slow Mist jointly initiated the establishment of the Digital Asset Anti-Money Laundering Professional Committee (DAAMC). This industry-leading non-profit organization, supported by the Hong Kong Virtual Asset Industry Association (HKVAIA), is dedicated to promoting collaboration among regulated financial institutions, developing and promoting top-notch Anti-Money Laundering and Counter-Terrorism Financing (AML/CFT) standards and practices, facilitating the compliant issuance of stablecoins in Hong Kong, and enhancing the financial integrity of the digital asset ecosystem.