Source: China – South China Morning PostChina’s rapid progress in developing a digital yuan poses a key risk in preserving the euro’s international role, said European Central Bank (ECB) Governing Council member Francois Villeroy de Galhau.The Bank of France Governor urged policymakers in Europe to act quickly on their own equivalent efforts and more innovative payment solutions, “or risk an erosion of our monetary sovereignty – something we cannot tolerate”.Villeroy identified “the progress made by extra-European [central bank…Read More