SEBA Hong Kong, the crypto-friendly Swiss bank, has received in-principle approval from the Hong Kong Securities and Futures Commission (SFC) to deal in virtual assets. This approval enables SEBA Hong Kong to operate with crypto products, provide advisory services on virtual assets, and offer asset management for discretionary accounts in virtual assets. With Hong Kong’s strategic location and its virtual asset regulatory framework, SEBA Hong Kong sees immense potential in tapping into the Chinese market when it opens up. By pursuing a local license, SEBA aims to address the difficulties faced by crypto companies and cater to the growing interest from private wealth and family offices.
Read the original HERE