The AMCM supervises monetary and financial operations and advises the SAR Government on long-term financial stability.
The Monetary Authority of Macau (AMCM) has issued a statement prohibiting the city’s financial institutions from providing financial services to businesses involved in virtual currency, local media reports. In a press release, AMCM stated that “Bitcoin is a type of virtual commodity which is neither a legal tender nor a financial instrument subject to supervision.” […]
The Secretary for Economy and Finance, Lionel Leong says the city’s new withdrawal limits for mainland bank cards would not have any impact on the gaming industry. Macau’s casinos stocks took a hit last week after SCMP reported that the Macau government was looking to cut the daily withdrawal limit from MOP 10,000 (US$1,251.9) to […]
Macau’s economic contraction may be bottoming out as the gaming industry begins to stabilize, says the Monetary Authority of Macau in its latest quarterly research report. According to the Monetary and Financial Stability Review, Macau’s economy is back on track and could resume growth as early as next year. “Macau SAR’s current economic adjustment is […]