<div class="cryptonews"> 
 <p class="is-style-lead">The Swiss bank SEBA received an in-principle <a rel="dofollow" title="license" href="https://thebittimes.com/tag/license.html">license</a> approval from the Hong Kong Securities and Futures Commission (SFC).</p> 
 <p>The in-principle approval from the financial authority will allow the entity to operate in the crypto industry. The company can offer advisory services in the crypto industry and products like over-the-counter derivatives.</p> 
 <p>The Asia-Pacific CEO of SEBA Hong Kong, Amy Yu, explained that Hong Kong has big potential thanks to the new approvals that local financial regulators are currently giving.</p> 
 <p>She added that while China is currently facing a ban on the <a rel="dofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> industry, Hong Kong is positioning itself as a strategic location.</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Hong Kong’s financial secretary Paul Chan sees web3 as future 
 </div> 
 <p>SEBA is the Hong Kong arm of crypto-friendly Swiss bank SEBA Bank. The entity helps companies by giving financial advice and consulting services to manage crypto assets.</p> 
 <p>The Swiss SEBA bank works with traditional banking and <a rel="dofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> services in Switzerland, offering services like lending, staking, and trading, among others.</p> 
 <p>The entity’s approval comes at a time when Hong Kong is trying to become one of the most important <a rel="dofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> hubs in the region. Recently, <a rel="dofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> companies like HashKey, among others, have received approvals for operating <a rel="dofollow" title="license" href="https://thebittimes.com/tag/license.html">license</a>s in the city.</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> HashKey officially launches as Hong Kong’s first retail crypto exchange 
 </div> <span class="google-news-banner__label">Follow Us on Google News</span> 
</div> 
<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/hong-kong-grants-crypto-license-to-swiss-bank-seba-s-branch-tbt60960.html">https://thebittimes.com/hong-kong-grants-crypto-license-to-swiss-bank-seba-s-branch-tbt60960.html</a></p>

Hong Kong grants crypto license to Swiss bank SEBA’s branch

TheBitTimes

Other articles published on Aug 30, 2023

EOS Network Gains Regulatory Approval In Japan, Enabling EOS Token Trading Against Japanese Yen

Binance Refocuses Efforts For Belgian Clients

Uniswap Class Action Dismissed in Landmark Ruling for DeFi

Bitcoin Whales Made Huge Profits on Grayscale-SEC Decision, Here's What Happened

Bitcoin ETFs Have 95% Chance Of Launching By the End Of 2024: Analysts

OKX Wallet Expands Horizons with the Integration of Perpetual DEX Platform Aark Digital

Join our free newsletter for daily crypto updates!