TechFlow News, June 1: According to Xinhua News Agency, the Monetary Authority of Macao (AMCM) held the “High-Level Seminar on Central Bank Digital Currency Development and Cross-Border Innovative Applications between China and Portuguese-Speaking Countries” on June 1, focusing on cooperation between China and Portuguese-speaking countries in cross-border applications of central bank digital currencies (CBDCs).
The AMCM stated that it has officially joined the mBridge (Multi-CBDC Bridge) project and completed system integration. In the first phase, 11 local banks have been authorized to participate, and the system will officially launch on June 2. Lu Lei, Deputy Governor of the People’s Bank of China, expressed anticipation that the “Digital Macanese Pataca” system will connect with the cross-border settlement service platform, providing a more transparent, secure, efficient, and low-cost payment channel for trade and economic exchanges.
