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Swiss crypto bank SEBA Bank receives an official license for cryptocurrency-related services in Hong Kong
On November 8, according to The Block, the Swiss cryptocurrency bank SEBA Bank said that its Hong Kong subsidiary has obtained a formal license from the Hong Kong Securities and Futures Commission to operate cryptocurrency-related services.
The licence 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, SEBA said in a statement today. Crypto banks can also advise on securities and virtual assets, as well as manage assets on discretionary accounts for traditional securities and virtual assets.
Previously, it was reported in August that SEBA Bank, a Swiss crypto bank, had been approved in principle by the Hong Kong Securities and Futures Commission to provide crypto-related product trading.