Macau is planning to launch a digital currency as legal tender
Join Our Telegram channel to stay up to date on breaking news coverage The city of Macau is exploring having a digital currency as legal tender. Macau is a special administrative region in China and is well known for its vibrant casino industry . The exploration of a digital currency as legal tender comes amid plans by China to roll out the digital yuan. Macau explores digital currency as legal tender The Executive Council of Macau made this announcement on Friday. The proposal has not mentioned any digital currencies the city is considering having as legal tender and to support their official use as a means of payment in the region. Nevertheless, Macau’s initiative is seen as a plan to support innovative payment systems like mainland China. The move could also strengthen the economic ties in the city and support its legal ties with mainland China. The move has been received positively, but one of the areas where its popularity could be seen is in the gaming sector. A...