A local OTC Bitcoin (One Satoshi) in Hong Kong announced the formation of the "Hong Kong Virtual Asset Industry Association" to assist the industry in formulating multiple anti-money laundering (AML) and know-your-customer (KYC) guidelines, to unify and enhance industry standards and reputation, maintain the common interests of the industry, and hope to gather industry strength and experience to provide accurate anti-fraud suggestions to the government to enhance public security and create a good business environment, and avoid Hong Kong becoming the capital of fraud or money laundering paradise. <br>