PANews reported on December 12 that according to China Business News, the Macau Monetary Authority officially released the "Macau Special Administrative Region Digital Macau Dollar White Paper" and publicly demonstrated the digital Macau dollar prototype system. Li Weinong, Secretary for Economy and Finance of Macau, announced that with the support of the People's Bank of China, the Macau Special Administrative Region has successfully built a prototype system for the digital Macau dollar (e-MOP), laying the necessary foundation for the future development of the digital Macau dollar. Chen Shouxin, Chairman of the Administrative Committee of the Macau Monetary Authority, introduced that the digital Macau dollar, as the legal currency of the Macau Special Administrative Region, has the same legal status and value as banknotes and coins, is 100% backed by reserves, and is fully legally indemnified.
Secretary for Economy and Finance of Macau: With the support of the People's Bank of China, a prototype system of the digital Macau Pataca (e-MOP) has been successfully built
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