‘Digital Macau Dollar’ prototype to be launched

On Monday, the Monetary Authority of Macau (AMCM) announced plans to launch a prototype system for the “Digital Macau Dollar” by the end of 2024. This initiative coincides with the 25th anniversary of Macau’s reunification with China and aims to demonstrate the basic functions and applications of digital currency to the public. 

Potential impacts on the gaming industry in the region  

The introduction of digital currencies in Macau and Hong Kong could impact Macau’s gaming industry, especially since the Hong Kong dollar is widely used for gambling transactions in the region. The Macau government has expressed intentions to integrate digital currency as legal tender, although specific details remain unclear. It is yet to be determined whether the Digital Macau Dollar will be accepted in Macau’s casinos, a critical question for the local gaming sector.