WATCH | Standard Bank wants to be a ‘fast follower’, not a leader on crypto | Business

"We move with the world, but you don’t want to be the leaders on some of these things," Lungisa Fuzile, chief executive officer of Standard Bank Group Ltd.’s South Africa business, told Jennifer Zabasajja Thursday in an interview on Bloomberg Television."You want to be fast followers."

Standard Bank, Africa’s largest lender by assets, will instead monitor the evolution of digital currencies while being mindful of the risks. "We are very interested, we manage our explorations carefully, we do them with heightened interest when we collaborate with our regulators and other banks in the system to understand them better," Fuzile said.

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