Macau Financial Secretary: Discussing the opening of virtual asset activities under controlled risks

In response to questions from local legislators Gao Tianci and Shi Jialun, Macao's Economic and Financial Secretary Li Weinong said yesterday that according to the current regulatory policy, all Financial Institution Groups in Macao are not allowed to directly or indirectly provide any virtual asset-related financial services. The Macao Inter-departmental Anti-Money Laundering and Anti-Terrorist Financing Working Group will continue to follow up on relevant business development and international trends, explore whether certain types of virtual asset activities can be opened under controlled risk conditions, and formulate or amend relevant laws and regulations and regulatory guidelines.
The Macao government did not invest tens of billions of dollars in the meta-universe, but funded technology enterprises to settle down and create job opportunities through the technology fund. At present, the Hengqin government will first establish a guidance fund, and then combine government subsidies and market funds to assist technology enterprises.