Swiss cryptocurrency bank SEBA has been granted a cryptocurrency-related service license by the Hong Kong Securities and Futures Commission

2023-11-08 14:27:16

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ChainCatcher news, according to The Block, Swiss cryptocurrency bank SEBA Bank has obtained permission from the Hong Kong Securities and Futures Commission to allow its subsidiary to operate cryptocurrency-related services in Hong Kong.

SEBA stated in a press release today that the license allows SEBA Hong Kong to trade and distribute all securities, including virtual asset-related products such as over-the-counter derivatives and structured products with underlying virtual assets.

The cryptocurrency bank can also provide consulting on securities and virtual assets and manage fully discretionary accounts for traditional securities and virtual assets.

Amy Yu, CEO of SEBA Asia Pacific, stated in the press release: "The region's long-standing position at the forefront of finance, trade, and innovation has always been attractive to us, as serving clients in the Asia Pacific is an indispensable aspiration of our team."

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