{"id":30318,"date":"2025-08-19T08:04:33","date_gmt":"2025-08-19T08:04:33","guid":{"rendered":"https:\/\/www.hotelsalepage.com\/feed\/cision-pr-newswire\/digital-asset-anti-money-laundering-council-daamc-launched-with-support-from-the-hong-kong-virtual-assets-industry-association-hkvaia-to-strengthen-stablecoin-compliance-and-financial-integrity\/"},"modified":"2025-08-19T08:04:33","modified_gmt":"2025-08-19T08:04:33","slug":"digital-asset-anti-money-laundering-council-daamc-launched-with-support-from-the-hong-kong-virtual-assets-industry-association-hkvaia-to-strengthen-stablecoin-compliance-and-financial-integrity","status":"publish","type":"post","link":"https:\/\/thaipropertynews.com\/feeds\/?p=30318","title":{"rendered":"Digital Asset Anti-Money Laundering Council (DAAMC) Launched with Support from the Hong Kong Virtual Assets Industry Association (HKVAIA) to Strengthen Stablecoin Compliance and Financial Integrity"},"content":{"rendered":"<p><span class=\"legendSpanClass\"><span class=\"xn-location\">HONG KONG<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Aug. 19, 2025<\/span><\/span> \/PRNewswire\/ &#8212;\u00a0The Digital Asset Anti-Money Laundering Council (DAAMC), a groundbreaking, industry-led nonprofit organization supported by the Hong Kong Virtual Assets Industry Association (HKVAIA), proudly announces its launch. DAAMC is dedicated to promoting compliant stablecoin issuance and enhancing financial integrity in <span class=\"xn-location\">Hong Kong&#8217;s<\/span> digital asset ecosystem through collaboration among regulated financial institutions to develop and promote best-in-class Anti-Money Laundering and Counter-Financing of Terrorism (AML\/CFT) standards and practices.<\/p>\n<p>DAAMC responds to the Hong Kong Monetary Authority&#8217;s (HKMA)\u00a0Guideline on Anti-Money Laundering and Counter-Financing of Terrorism (For Licensed Stablecoin Issuers)\u00a0and explores emerging global industry compliance standards, such as on-chain identity verification, to ensure <span class=\"xn-location\">Hong Kong&#8217;s<\/span> regulated stablecoins achieve mainstream adoption by balancing risk control with sustainable business development.<\/p>\n<p>The Council, initiated by four leading organizations with diverse expertise, is committed to shaping the future of digital finance in <span class=\"xn-location\">Hong Kong<\/span>, focusing on stablecoin innovation and compliance:\u00a0<\/p>\n<ul type=\"disc\">\n<li><strong>HashKey Group<\/strong>: A leading digital asset financial services group in <span class=\"xn-location\">Asia<\/span> with global operations. Its subsidiary, HashKey Exchange, is the licensed virtual asset exchange in <span class=\"xn-location\">Hong Kong<\/span>, holding Type 1, Type 7, and AMLO licenses issued by the Hong Kong Securities and Futures Commission.<\/li>\n<li><strong>RD InnoTech Limited (a subsidiary of RD Technologies<\/strong><strong> Group<\/strong><strong>)<\/strong>: A participant in the HKMA Stablecoin Issuer Sandbox, advancing compliant stablecoin issuance, ecosystem development, and use-case expansion.\u00a0<\/li>\n<li><strong>Beosin<\/strong>: A leading blockchain security and compliance solutions company specializing in smart contract security audit, AML\/CFT tools, and blockchain forensics.<\/li>\n<li><strong>SlowMist<\/strong>: A leading blockchain threat intelligence firm, providing services such as security audits, red teaming, AML\/CFT solutions, and more.<\/li>\n<\/ul>\n<p>This diverse coalition reflects DAAMC&#8217;s commitment to uniting industry expertise to address the unique AML\/CFT challenges of digital assets,\u00a0<strong>including stablecoins, to achieve large-scale adoption and integration with traditional finance<\/strong>. By integrating expertise in digital asset trading, stablecoin innovation, blockchain analytics, and threat intelligence, DAAMC aims to establish a compliant ecosystem, setting a global benchmark for financial integrity in <span class=\"xn-location\">Hong Kong&#8217;s<\/span> stablecoin issuance.<\/p>\n<p><strong>A Strategic Response to <span class=\"xn-location\">Hong Kong&#8217;s<\/span> Stablecoin Ambitions<\/strong><\/p>\n<p><span class=\"xn-location\">Hong Kong<\/span> is solidifying its position as a global leader in digital finance through\u00a0the government&#8217;s Digital Asset Policy Statement 2.0 (<span class=\"xn-chron\">June 2025<\/span>) and the\u00a0recently effective\u00a0<em>Stablecoin<\/em><em>s<\/em><em>\u00a0Ordinance<\/em>. DAAMC&#8217;s establishment aligns with this vision, directly supporting the HKMA&#8217;s\u00a0<em>Guideline on Anti-Money Laundering and Counter-Financing of Terrorism (For Licensed Stablecoin Issuers)<\/em>\u00a0to\u00a0ensure regulated stablecoins comply with global financial standards while promoting innovation. DAAMC actively engages with industry discussions on regulatory strictness, committed to researching and exploring how to balance regulatory requirements with business development, enabling <span class=\"xn-location\">Hong Kong<\/span>-issued compliant stablecoins to achieve mainstream adoption by regulated institutions and traditional enterprises.<\/p>\n<p>Initiated by founding members HashKey Group, RD InnoTech Limited, Beosin, and SlowMist, DAAMC is dedicated to promoting digital asset industry development and collaboration, through activities such as offline seminars to\u00a0engage relevant industry stakeholders in exploring innovative compliance solutions for stablecoins. DAAMC will soon release two AML technical reports on stablecoins to provide further industry guidance. At the end of this month, DAAMC will host a seminar, bringing together industry experts to discuss stablecoin compliance and innovation strategies. All industry stakeholders are cordially invited to participate.<\/p>\n<p><strong>DAAMC&#8217;s Mission and Impact<\/strong><\/p>\n<p>DAAMC serves as a central platform for regulated financial institutions\u2014including banks, licensed\u00a0<strong>Virtual Asset Service Providers (VASPs)<\/strong>, and\u00a0<strong>future licensed stablecoin issuers<\/strong>\u2014to collaborate on critical initiatives. Led by its founding members, the Council will focus on:\u00a0<\/p>\n<ul type=\"disc\">\n<li><strong>Developing Industry Best Practices<\/strong>: Creating practical guidelines for\u00a0on-chain identity verification, Travel Rule implementation, risk-based digital asset management, and AML frameworks for Decentralized Finance (DeFi)\u00a0to ensure compliance aligns with traditional financial standards.\u00a0<\/li>\n<li><strong>Fostering Regulatory Dialogue<\/strong>: Building trusted communication channels with regulators and law enforcement to shape effective policies that support stablecoin mainstreaming.\u00a0<\/li>\n<li><strong>Promoting Professional Education<\/strong>: Partnering with\u00a0academic institutions\u00a0to\u00a0elevate\u00a0AML\/CFT expertise tailored to stablecoin issuance and digital asset compliance.\u00a0<\/li>\n<li><strong>Encouraging Responsible Innovation<\/strong>: Balancing risk control with sustainable business development, ensuring regulated stablecoins thrive in <span class=\"xn-location\">Hong Kong&#8217;s<\/span> compliant ecosystem.<\/li>\n<\/ul>\n<p>DAAMC welcomes participation from a wide range of stakeholders, including Institutional Members (banks, VASPs, stablecoin issuers),\u00a0Associate Members (audit firms, legal firms, professional bodies such as ACAMS and HKIB), and Educational Partners. By joining DAAMC, organizations\u00a0will shape policy, manage risks, and demonstrate a commitment to financial integrity while promoting the mainstream adoption of regulated stablecoins.<\/p>\n<p><strong>A Call to Action<\/strong><\/p>\n<p>With <span class=\"xn-location\">Hong Kong&#8217;s<\/span> <em>Stablecoin<\/em><em>s<\/em><em>\u00a0Ordinance<\/em>\u00a0taking effect in <span class=\"xn-chron\">August 2025<\/span>, DAAMC&#8217;s launch underscores its commitment to driving digital asset industry compliance and integrity through collaborative leadership. DAAMC invites leading industry companies,\u00a0compliance institutions, and innovative enterprises\u00a0to join this transformative initiative.\u00a0<\/p>\n<p>For more information about DAAMC or membership opportunities, please visit <a href=\"https:\/\/www.hkvaia.io\/\" target=\"_blank\">https:\/\/www.hkvaia.io<\/a> or contact DAAMC at <a href=\"mailto:contact@hkvaia.io\" target=\"_blank\">contact@hkvaia.io<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p><!-- wp:html --><\/p>\n<p><span class=\"legendSpanClass\"><span class=\"xn-location\">HONG KONG<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Aug. 19, 2025<\/span><\/span> \/PRNewswire\/ &#8212;\u00a0The Digital Asset Anti-Money Laundering Council (DAAMC), a groundbreaking, industry-led nonprofit organization supported by the Hong Kong Virtual Assets Industry Association (HKVAIA), proudly announces its launch. DAAMC is dedicated to promoting compliant stablecoin issuance and enhancing financial integrity in <span class=\"xn-location\">Hong Kong&#8217;s<\/span> digital asset ecosystem through collaboration among regulated financial institutions to develop and promote best-in-class Anti-Money Laundering and Counter-Financing of Terrorism (AML\/CFT) standards and practices.<\/p>\n<p>DAAMC responds to the Hong Kong Monetary Authority&#8217;s (HKMA)\u00a0Guideline on Anti-Money Laundering and Counter-Financing of Terrorism (For Licensed Stablecoin Issuers)\u00a0and explores emerging global industry compliance standards, such as on-chain identity verification, to ensure <span class=\"xn-location\">Hong Kong&#8217;s<\/span> regulated stablecoins achieve mainstream adoption by balancing risk control with sustainable business development.<\/p>\n<p>The Council, initiated by four leading organizations with diverse expertise, is committed to shaping the future of digital finance in <span class=\"xn-location\">Hong Kong<\/span>, focusing on stablecoin innovation and compliance:\u00a0<\/p>\n<ul type=\"disc\">\n<li><strong>HashKey Group<\/strong>: A leading digital asset financial services group in <span class=\"xn-location\">Asia<\/span> with global operations. Its subsidiary, HashKey Exchange, is the licensed virtual asset exchange in <span class=\"xn-location\">Hong Kong<\/span>, holding Type 1, Type 7, and AMLO licenses issued by the Hong Kong Securities and Futures Commission.<\/li>\n<li><strong>RD InnoTech Limited (a subsidiary of RD Technologies<\/strong><strong> Group<\/strong><strong>)<\/strong>: A participant in the HKMA Stablecoin Issuer Sandbox, advancing compliant stablecoin issuance, ecosystem development, and use-case expansion.\u00a0<\/li>\n<li><strong>Beosin<\/strong>: A leading blockchain security and compliance solutions company specializing in smart contract security audit, AML\/CFT tools, and blockchain forensics.<\/li>\n<li><strong>SlowMist<\/strong>: A leading blockchain threat intelligence firm, providing services such as security audits, red teaming, AML\/CFT solutions, and more.<\/li>\n<\/ul>\n<p>This diverse coalition reflects DAAMC&#8217;s commitment to uniting industry expertise to address the unique AML\/CFT challenges of digital assets,\u00a0<strong>including stablecoins, to achieve large-scale adoption and integration with traditional finance<\/strong>. By integrating expertise in digital asset trading, stablecoin innovation, blockchain analytics, and threat intelligence, DAAMC aims to establish a compliant ecosystem, setting a global benchmark for financial integrity in <span class=\"xn-location\">Hong Kong&#8217;s<\/span> stablecoin issuance.<\/p>\n<p><strong>A Strategic Response to <span class=\"xn-location\">Hong Kong&#8217;s<\/span> Stablecoin Ambitions<\/strong><\/p>\n<p><span class=\"xn-location\">Hong Kong<\/span> is solidifying its position as a global leader in digital finance through\u00a0the government&#8217;s Digital Asset Policy Statement 2.0 (<span class=\"xn-chron\">June 2025<\/span>) and the\u00a0recently effective\u00a0<em>Stablecoin<\/em><em>s<\/em><em>\u00a0Ordinance<\/em>. DAAMC&#8217;s establishment aligns with this vision, directly supporting the HKMA&#8217;s\u00a0<em>Guideline on Anti-Money Laundering and Counter-Financing of Terrorism (For Licensed Stablecoin Issuers)<\/em>\u00a0to\u00a0ensure regulated stablecoins comply with global financial standards while promoting innovation. DAAMC actively engages with industry discussions on regulatory strictness, committed to researching and exploring how to balance regulatory requirements with business development, enabling <span class=\"xn-location\">Hong Kong<\/span>-issued compliant stablecoins to achieve mainstream adoption by regulated institutions and traditional enterprises.<\/p>\n<p>Initiated by founding members HashKey Group, RD InnoTech Limited, Beosin, and SlowMist, DAAMC is dedicated to promoting digital asset industry development and collaboration, through activities such as offline seminars to\u00a0engage relevant industry stakeholders in exploring innovative compliance solutions for stablecoins. DAAMC will soon release two AML technical reports on stablecoins to provide further industry guidance. At the end of this month, DAAMC will host a seminar, bringing together industry experts to discuss stablecoin compliance and innovation strategies. All industry stakeholders are cordially invited to participate.<\/p>\n<p><strong>DAAMC&#8217;s Mission and Impact<\/strong><\/p>\n<p>DAAMC serves as a central platform for regulated financial institutions\u2014including banks, licensed\u00a0<strong>Virtual Asset Service Providers (VASPs)<\/strong>, and\u00a0<strong>future licensed stablecoin issuers<\/strong>\u2014to collaborate on critical initiatives. Led by its founding members, the Council will focus on:\u00a0<\/p>\n<ul type=\"disc\">\n<li><strong>Developing Industry Best Practices<\/strong>: Creating practical guidelines for\u00a0on-chain identity verification, Travel Rule implementation, risk-based digital asset management, and AML frameworks for Decentralized Finance (DeFi)\u00a0to ensure compliance aligns with traditional financial standards.\u00a0<\/li>\n<li><strong>Fostering Regulatory Dialogue<\/strong>: Building trusted communication channels with regulators and law enforcement to shape effective policies that support stablecoin mainstreaming.\u00a0<\/li>\n<li><strong>Promoting Professional Education<\/strong>: Partnering with\u00a0academic institutions\u00a0to\u00a0elevate\u00a0AML\/CFT expertise tailored to stablecoin issuance and digital asset compliance.\u00a0<\/li>\n<li><strong>Encouraging Responsible Innovation<\/strong>: Balancing risk control with sustainable business development, ensuring regulated stablecoins thrive in <span class=\"xn-location\">Hong Kong&#8217;s<\/span> compliant ecosystem.<\/li>\n<\/ul>\n<p>DAAMC welcomes participation from a wide range of stakeholders, including Institutional Members (banks, VASPs, stablecoin issuers),\u00a0Associate Members (audit firms, legal firms, professional bodies such as ACAMS and HKIB), and Educational Partners. By joining DAAMC, organizations\u00a0will shape policy, manage risks, and demonstrate a commitment to financial integrity while promoting the mainstream adoption of regulated stablecoins.<\/p>\n<p><strong>A Call to Action<\/strong><\/p>\n<p>With <span class=\"xn-location\">Hong Kong&#8217;s<\/span> <em>Stablecoin<\/em><em>s<\/em><em>\u00a0Ordinance<\/em>\u00a0taking effect in <span class=\"xn-chron\">August 2025<\/span>, DAAMC&#8217;s launch underscores its commitment to driving digital asset industry compliance and integrity through collaborative leadership. DAAMC invites leading industry companies,\u00a0compliance institutions, and innovative enterprises\u00a0to join this transformative initiative.\u00a0<\/p>\n<p>For more information about DAAMC or membership opportunities, please visit <a href=\"https:\/\/www.hkvaia.io\/\" target=\"_blank\">https:\/\/www.hkvaia.io<\/a> or contact DAAMC at <a href=\"mailto:contact@hkvaia.io\" target=\"_blank\">contact@hkvaia.io<\/a>.<\/p>\n<p><!-- \/wp:html --><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[5,7],"tags":[],"class_list":["post-30318","post","type-post","status-publish","format-standard","hentry","category-cision-pr-newswire","category-cision-pr-newswire-en"],"_links":{"self":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/30318","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=30318"}],"version-history":[{"count":0,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/30318\/revisions"}],"wp:attachment":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}