Last week Standard Bank South Africa’s CEO Lungisa Fuzile outlined a cautious approach to cryptocurrency, speaking to Bloomberg.
“We move with the world, but you don’t want to be the leaders on some of these things,” said Fuzile. “You want to be fast followers.” He added, “We manage our explorations carefully.”
That may be a sign of the times with the crypto winter because Standard has been a leader in the past. In 2021 it joined the governing council of the public Hedera DLT which has its own crypto token HBAR. We suspect this was the first bank in the world to participate in the governance of a public blockchain.
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