TechFlow news, August 19 — According to Jinshi Data citing Hong Kong's Economic Daily, Yuanbi Innovation Technology, a subsidiary of Yuanbi Tech Group planning to issue stablecoins in Hong Kong, has partnered with HashKey Group, Beosin, and SlowMist to jointly establish the Digital Asset Anti-Money Laundering Committee (DAAMC), with support from the Hong Kong Virtual Assets Industry Association (HKVAIA). The committee will focus on compliance in stablecoin issuance and financial integrity, responding to the Hong Kong Monetary Authority's "Guidelines on Anti-Money Laundering and Counter-Terrorist Financing." It plans to release two technical reports on stablecoin anti-money laundering and hold a seminar at the end of the month.
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