According to Foresight News and reports from Yicai, the Macao Monetary Authority has officially released the (White Paper on the Digital Macao Pataca) and publicly demonstrated the prototype system for the digital Macao Pataca. The Secretary for Economy and Finance of the Macao SAR, Lei Wai Nong, announced that with the support of the People's Bank of China, the Macao SAR has successfully constructed the prototype system for the digital Macao Pataca (e-MOP), laying the necessary foundation for the future development of the digital Macao Pataca. The Chairman of the Administrative Committee of the Macao Monetary Authority, Chan Sau San, introduced that the digital Macao Pataca, as the legal tender of the Macao SAR, holds the same legal status and value as banknotes and coins, is fully backed by 100% reserves, and has complete legal tender status.