Inside Asian Gaming

IAG JAPAN APR 2021 40 If the Digital RMB were to become accepted currency in Macau it would facilitate the availability of money for Chinese visitors and eliminate the need for currency exchanges. マカオパタカや香港ドルと並んでデジタル人民 元がマカオで通貨として受け入れられるように なれば、訪マカオ中国人旅客の資金の可用性を 促進し、外貨両替や関連費用の必要性を排除し てくれる。 COLUMNISTS T he Chinese Government’s RMB Digital Currency Electronic Payment system, knownas the “Digital RMB”, is theelectronic version of the RMB currency, issued by the People’s Bank of China (PBOC). As such, the Digital RMB is a sovereign currency and will be exchangeable with the RMB on a one-to-one basis, meaning that the Digital RMB is pegged to the value of the RMB as a fiat currency. The Digital RMB will be distributed through the traditional banking system, making it fully centralized and integrated into the commercial retail system for use in consumer transactions. In fact, the Chinese Government’s long term goal points to eventually replacing all physical RMB notes and coinage in circulation with the Digital RMB. One of the key features of the Digital RMB is its centralized ledger which ismanaged by the PBOC. This allows the PBOC to electronically record and track all Digital RMB payment transactions, enabling complete oversight of RMB cash flows, both domestically and overseas. From a consumer’s perspective, the Digital RMB functions through an electronic wallet, with the Digital RMB represented in electronic token form within the e-wallet. Users will be able to download the Digital RMB e-wallet app provided by the PBOC (and third party banks authorized by the PBOC) on their smartphones, and purchase Digital Yuan tokens either directly from the PBOC or from other designated commercial banks. Users’ Digital RMB e-wallets will link directly to the user’s bank account, from which money can be converted into Digital RMB tokens and transferred