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China’s Digital Yuan Is Key Risk for Euro, ECB’s Villeroy Says

  • French governor urges quick action on digital euro, payments
  • Preserving role of the euro is a ‘geopolitical concern’
Francois Villeroy de Galhau

Francois Villeroy de Galhau

Photographer: Nathan Laine/Bloomberg

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China’s rapid progress in developing a digital yuan poses a key risk in preserving the euro’s international role, said European Central Bank Governing Council member Francois Villeroy de Galhau.