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Macau to ‘study feasibility’ of digital currency in potential threat to casinos in world’s biggest gambling hub

Summary:
[unable to retrieve full-text content]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…

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[unable to retrieve full-text content]
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…

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