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China could test digital yuan in Macau casinos through 2022; gaming hub to attract foreign investors under new scheme

News Snapshot:

Macau watchdogs are expected to double down on digital yuan, according to a Reuters report. Experts believe regulators in the Chinese enclave will force operators to become testbeds for the digital currency, as casino owners prepare to bid for new licenses for the first time in two decades. Last year, central bank governor Yi Gang suggested China’s new cryptocurrency could be used to fight crime and resolve complex cross-border payments problems, including money laundering. Macau has long been under China’s eye for both issues and, in December , junket operator Suncity’s boss Alvin Chau was arrested over illegal gambling accusations….

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