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Macau Moves Closer to Legalizing Digital Yuan Use in Casinos

Tags: China, Digital Yuan, Macau, Yuan
Posted on 20 April 2021 by "T".

Macau's gambling market could possibly face a fundamental realignment as the local government aims to move closer to legalizing the use of China's digital yuan in casinos.

On Tuesday April 14, Macau's Chief Executive Ho Iat Seng told the Legislative Assembly of plans to "study the feasibility of issuing a digital currency." The government of China's "special administrative region" wishes to boost its ability to deter tax dodgers, money launderers, and other criminal elements, including terrorists.

Read more » Macau Moves Closer to Legalizing Digital Yuan Use in Casinos


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