Macau Eyes Digital Currency Legalization After China's Digital Yuan Trials

Macau officials are planning to amend their financial laws to allow for digital currencies. This move could open up a whole new market for the poker players and gamblers who flock to the former Portuguese colony. With mainland China supplying most of these customers, the plans could see instant transactions for players at the casino, or even the table, in the future.

At present, players have to convert their Chinese RMB currency into HK$ or Macau Patacas, known as MOPs. Macau Chief Executive Ho Iat Seng recently stated: “We should follow the pace of the mainland government... and start a feasibility study around launching the Digital RMB in Macau. Therefore, we need to add provisions in relevant law to allow for the introduction of digital currencies.”