Africa's Largest Bank Aims to Embrace Crypto as a "Fast Follower"

Africa’s biggest bank is watching developments in crypto currencies but isn’t jumping into the market.

“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.”

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