According to Hong Kong's Sing Tao Daily, Circle Coin Innovation Technology, a subsidiary of Circle Coin Technology Group, which plans to issue a stablecoin in Hong Kong, has joined forces with HashKey Group, Beosin, and SlowMist to establish the Digital Asset Anti-Money Laundering Committee (DAAMC), supported by the Hong Kong Virtual Asset Industry Association (HKVAIA). The committee will focus on the compliant issuance of stablecoins and financial integrity, in line with the Hong Kong Monetary Authority's "Guidelines on Anti-Money Laundering and Countering the Financing of Terrorism." The committee plans to publish two technical reports on stablecoin anti-money laundering and hold a seminar at the end of the month.