According to TechFlow, on December 12, 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 the Macau Special Administrative Region has successfully built a prototype system for the digital Macau dollar (e-MOP) with the support of the People's Bank of China, 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 legal tender.