jn26 H aving announced a goal to launch e-MOP within two years in mid-2025, authorities have now entered the sandbox testing phase, with the Monetary Authority of Macao (AMCM) revealing that transaction testing is currently being conducted via a whitelist of users. Chief Executive Sam Hou Fai, in his inaugural Policy Address, announced his commitment to advancing the research and development of the “e-MOP” system, outlining a plan to complete core system construction by the end of last year and conduct phased sandbox testing, while systematically broadening the digital currency’s application scenarios across cross-border trade and public services. Subsequently, then-Secretary for Economy and Finance Anton Tai elaborated that the initial phase of promoting the digital pataca would concentrate on the retail sector, followed by the wholesale sector, with eventual expansion beyond Macau to integrate with Portuguese-speaking platforms, aiming to establish it as one of the digital tran...