News Snapshot:
Macau has moved a step closer to the potential introduction of a digital currency as it seeks to better combat money laundering and tax evasion in the world’s biggest gambling hub. The government plans to amend laws to regulate the issuance of a virtual legal tender, Chief Executive Ho Iat-seng told lawmakers on Tuesday. The government will work with China’s central bank to “study the feasibility of issuing a digital currency,” he said. Although no formal plans have been announced on whether or how a digital currency would be implemented, some junkets – businesses that act as middlemen for Chinese...
