Inside Asian Gaming

IAG JAPAN APR 2021 44 Bernstein report forecast a consequential impact for that market. COULD ACCEPTANCE OF THE DIGITAL RMB PROVIDE A STIMULUS TO KICK-START THE RECOVERY OF THE MACAU MASS LEISURE INDUSTRY? Adoption of the Digital RMB certainly has the potential to transform the current payment procedures in the IR industry and bring the mechanics into the digital era. From a customer perspective, digital payments are the transaction method of choice, allowing for greater efficiencies, time savings and hygienic conditions for money payments. To meet customer demand, in future we may anticipate the option to pay for casino chips from the cage with Digital RMB, or transfer credit directly onto a player’s digital account in Digital RMB. Clearly, such developments will require regulatory approval to safeguard standards for AML, CTF, audit, and responsible gaming. To that end, we may see these new features of traceable digital payments in fact advance public policy goals and facilitate improvements, thereby gaining regulatory support. WHEN WILL THE DIGITAL RMB LAUNCH? Pilot trials of the Digital RMB have been conducted in various cities around China sinceMay 2020, involving offline and online payments, merchants, state owned enterprises and banks. Most major Chinese cities have incorporated Digital RMB development initiatives into their government work plans for 2021. In the latest phase, Digital RMB transactions using wearable devices, ultra-thin card wallets, biometric hardware wallets, watches and bracelets have been tested. A key aspect of internationalization would be the free flow of currency and reduction or elimination of capital controls. 国際化の重要な側面に、通貨の自由な流れと 資本管理の削減または撤廃がある。 COLUMNISTS