The Monetary Authority of Macao officially released the "White Paper on the Digital Macau Pataca of the Macao Special Administrative Region" and publicly demonstrated the prototype system of the digital Macau Pataca. The Secretary for Economy and Finance of Macao, Lei Weinong, announced that with the support of the People's Bank of China, the Macao Special Administrative Region has successfully built a prototype system for the digital Macau Pataca (e-MOP), laying the necessary foundation for the future development of the digital Macau Pataca. Chen Shouxin, Chairman of the Administrative Committee of the Monetary Authority of Macao, introduced that the digital Macau Pataca, as the legal currency of the Macao Special Administrative Region, has the same legal status and value as banknotes and coins, is 100% backed by reserves, and is fully legally enforceable. (Yicai Global)