According to a report by Inside Asian Gaming, a respected analyst used an official document

Beijing has been attempting a digital version of its currency since late 2019 to more accurately track where the cash is used and eradicate activities related to money laundering, money lending and underground banking. The source explained that the innovation would also be useful for more than 40 casinos in Macau to offer cashless games and eliminate the need for punters to exchange Chinese cash for Hong Kong dollars.

First introduction:

The digital version of the Chinese yuan has reportedly been rolled out for use in four communities, including Shenzhen, Suzhou, Xiong'an and Chengdu, with an additional six locations, including Shanghai, the financial hub, beginning in October 2020. Last month, the People's Bank of China reportedly began to premiere the progress in 11 cities, in addition to Beijing and Zhangjiaqou suburbs, where many of the 2022 Winter Olympic Games have been held.

Sanford C Bernstein Limited has read the papers…

"For Macau, the digital yuan could potentially be a one-stop solution for both casinos and their customers, decentralizing intermediary payment providers, simplifying currency and chip exchange processes and eliminating related transaction costs." If the digital yuan becomes the legal currency in Macau, mainland Chinese customers will be able to use it directly in casinos without going through the normal process of converting the yuan into Hong Kong dollars and then converting it back to the yuan."

Sanford C Bernstein Limited reportedly said the introduction of the digital yuan currency will allow casinos in Macau to strengthen their anti-money laundering capabilities and provide customers with a frictionless and safe gaming experience. China could eventually begin to ease strict controls on the movement of funds to the former Portuguese region, according to reports, as all funds are fully traceable.

Sanford C Bernstein Limited's papers...카지노사이트

"While China's capital controls may not ease in the early stages of introducing digital renminbi to Macau, in the long run, given the transparency and traceable nature of digital renminbi transactions, we see potential capital deregulation as a government goal to promote cross-border renminbi use."