Macau plans to use China’s future digital currency could deal a fatal blow


Source: disruptive.asia disruptive.asia

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April 23, 2021 News Centre News 0 FILE PHOTO: People walk in front of Casino Lisboa in Macau, China December 21, 2019. REUTERS/Jason Lee HONG KONG (Reuters) – Macau’s plans to use China’s future digital currency will help Beijing curb money laundering in the world’s top gambling hub but could deal a fatal blow to casino junket operators. These companies, who help lure high rollers to Macau, have been on the ropes since Beijing identified the cross-border flow of funds for gambling as a national security risk last June. Since then, opaque financing channels used by the online gambling sector...