Macau’s digital currency system e-MOP to complete this year: AMCM
nov25 The development of Macau’s digital currency system, e-MOP, is expected to be completed by the end of this year, with sandbox testing across selected scenarios to follow in the next phase, the city’s de-facto central bank said. The Monetary Authority of Macau (AMCM) made the remarks in a written reply this week to legislator Song Pek Kei, who inquired about the progress of the e-MOP initiative, first unveiled last year. “To continuously enhance the digitalisation of Macau’s financial system and meet the public’s demand for convenient, secure and inclusive payment solutions, we are steadily advancing the development of the digital pataca system in accordance with the roadmap set out in the Digital Pataca White Paper of the Macau SAR,” the AMCM said in the response, dated 30 October. The Macau government introduced the prototype of e-MOP last December alongside the publication of a white paper outlining its purpose, design, positioning and technical features. The digital pataca...