Microsoft Remote Desktop version 10 for Mac Does Not Display Text

Symptoms

Microsoft Remote Desktop version 10 for Mac does not display text:

2000

Solution

Enable glyphs on PrivX by adding the following lines in configuration file /opt/privx/etc/rdpmitm/rdpproxy.ini:
[client]
transform_glyph_to_bitmap = Yes
Restart the service
sudo systemctl restart redemption

Implications

Enabling glyphs will disable antialiasing, thus the appearance will also change accordingly.