1º ANUNCIO e-MOP prototype to be unveiled before the year-end: CE Renato Marques, MDT Tuesday, September 24, 2024 - 3 days ago No Comments 2,147 Views T he prototype of Macau’s digital currency (e-MOP) will be revealed before year-end, the Chief Executive (CE), Ho Iat Seng, said yesterday morning during the opening ceremony of the 2nd Conference of Central Bank Governors and Financial Officials between China and Portuguese-speaking Countries. In his speech, the CE announced that the e-MOP prototype will be unveiled before the end of this year, presenting basic features that will lay the groundwork for future applications and uses. Ho hinted that the release would occur as part of the celebrations around the 25th anniversary of the Macau handover, which takes place on Dec. 20. “This edition of the conference will be a platform for the exchange of ideas concerning financial cooperation between China and Portuguese-speaking countries, Macau’s role as a Sino-Portugue...
(retrospetiva?) Going Cashless By Tony Lai Following a revision to local laws to confirm the status of digital currency as Macao’s legal tender, the city is putting forward a work plan in three phases to test and pilot its digital fiat currency, e-MOP, with a public display of the prototype by year-end and a trial operation scheduled by the end of 2025. By Tony Lai With the waning use of cash in the post-Covid era and the emergence of cryptocurrencies, global economies have begun exploring the possibilities of central bank digital currency (CBDC) — digital money issued and backed by a central bank. In this direction, Macao has taken a significant step in recent times, unveiling a three-phase plan to test and pilot its digital fiat currency, e-MOP, prior to an official launch. In September, the Macao government disclosed that it has worked with the Digital Currency Research Institute under the People’s Bank of China (PBOC) for the research and development of its CBDC. An e-M...
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