Macau Advancing with Digital Pataca, Joins Project mBridge Cross-Border Payment Platform for CBDCs
3 Articles
3 Articles
The Macau Monetary Authority (AMCM) today announced full adherence to the mBridge project, a multilateral platform of centralized digital currencies that allows cross-border payments without recourse to the US dollar. Eleven local banks have already been authorized to participate, being able to carry out transactions from tomorrow [Terday], indicated the administrator of the territory's monetary authority, Lau Hang Kun, during a seminar on centr…
Macau advancing with Digital Pataca, joins Project mBridge cross-border payment platform for CBDCs
Macau is stutter-starting its way towards a digital currency, with an official from the Monetary Authority of Macao (AMCM) indicating on Monday that “Macau is pragmatically advancing towards the creation of the ‘Digital Pataca’.” No specific dates were outlined towards the possible implementation or trial run of the digital currency. The Macau Pataca is the official currency of the Special Administrative Region (SAR), however the currency u…
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