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Macau Monetary Authority's Huang Sun Man: 'Digital Macau Yuan' Project to Begin Sandbox Testing by Year End

Summary: According to reports from FXStreet, Huang Sun Man, Acting Chairman of the Administrative Committee of the Macau Monetary Authority, announced on August 30 at the 7th Greater Bay Area Financial Development Forum that Macau is actively advancing the construction of the 'Digital Macau Yuan' project. The project is set to begin sandbox testing by the ...

According to reports from FXStreet, Huang Sun Man, Acting Chairman of the Administrative Committee of the Macau Monetary Authority, announced on August 30 at the 7th Greater Bay Area Financial Development Forum that Macau is actively advancing the construction of the 'Digital Macau Yuan' project. The project is set to begin sandbox testing by the end of the year, and efforts will be made to enhance data and digital RMB connectivity with banks. In the future, there will be interconnection between the Greater Bay Area and Macau digital currencies, promoting financial innovation and coordinated development.

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