Macau moves a step closer to digital currency in threat to casinos The Edge Markets


Source: theedgemarkets.com theedgemarkets.com

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Macau's then-incoming chief executive Ho Iat Seng walks off stage after speaking during an inauguration ceremony in Macau, China on Friday, Dec 20, 2019. (Bloomberg filepix) - A + A (April 14): 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 Tuesday. The government will work with China’s central bank to “study the feasibility of issuing...