Regulator: Monetary Authority of Macao (AMCM); Gaming Regulator (DICJ)
Macao maintains an active, live prohibition framework on all private stablecoins and digital assets through the Financial System Act and explicit AMCM directives. While Law 10/2023 introduced government-issued digital currency as legal tender, no framework exists for private stablecoin issuance or trading. The regulatory approach aligns with mainland China's restrictive stance and prioritizes capital controls, consumer protection, and anti-money laundering enforcement. All banks and payment service providers are prohibited from facilitating any cryptocurrency transactions. Gaming sector regulators (DICJ) also prohibit virtual asset transactions in gaming operations.
