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Standard Bank eyes crypto in South Africa

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Standard Bank has expressed “great interest” in cryptocurrencies as it diverts more attention to monitoring its progress in South Africa.

Standard Bank – Africa’s biggest bank – is watching developments in cryptocurrencies but isn’t jumping into the market just yet.

Standard Bank, Africa’s largest lender by assets, will instead monitor the evolution of digital currencies while being mindful of the risks. Most of South Africa’s lenders have so far declined to provide banking services to crypto platforms, citing risks and the lack of clear regulation for digital instruments in the country.

 

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