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Macau steps closer to digital yuan use in casinos CoinGeek

September 11, 2021
Source: coingeek.com coingeek.com
News Snapshot:
Macau’s gambling market could face a fundamental realignment as the local government moves closer to authorizing the use of China’s digital yuan in casinos. On Tuesday, Macau’s Chief Executive Ho Iat Seng informed the Legislative Assembly of plans to “study the feasibility of issuing a digital currency .” Ho said the government of the ‘special administrative region’ of China wants to bolster its ability to deter money launderers, tax dodgers and other criminal elements, including terrorists. Macau’s gambling sector remains the chief engine of the local economy and Bloomberg reported that government representatives had approached several Macau casino operators regarding...
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