‘If the water's too clean there'll be no fish’: China’s CBDC may hurt Macau’s...

‘If the water's too clean there'll be no fish’: China’s CBDC may hurt Macau’s...

Macau’s gambling industry is reeling amid rumors that the city’s regulator is in talks with casino operators regarding the introduction of China’s digital yuan. China’s central bank digital currency is expected to further exacerbate Macau’s declining gambling revenues.According to a Dec. 2 article from Bloomberg, junkets — Macau businesses that act as middlemen to facilitate visits by China’s high-roller gamblers — claim their clients are looking to other jurisdictions due to concerns the digital yuan will be introduced to Macau’s embattled gambling sector. The report cites anonymous....


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