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<ul class="news-points"> 
 <li>Swiss crypto-focused SEBA Bank receives provisional approval in Hong Kong.</li> 
 <li>The company said it will be able to launch its services once it meets certain standards.</li> 
 <li>Hong Kong introduced a regulatory framework for crypto trading last June.</li> 
</ul> 
Swiss crypto-focused SEBA Bank inches further to offering virtual asset services in Hong Kong after it received provisional approval from the region’s Securities and Futures Commission (SFC), according to a Reuters <a href="https://www.reuters.com/technology/swiss-seba-bank-gets-approval-in-principle-hong-kong-crypto-services-2023-08-30/" target="_blank" rel="noopener noreferrer nofollow">report</a>. The company said the approval-in-principle will allow it to prepare for operations as soon as it is licensed.&nbsp; 
SEBA Bank says with the license, it will be regulatory compliant and be able to offer its services to users in the region. In addition, the business stated that it will be able to trade securities, including crypto-related assets, and advise on and manage digital assets and traditional securities. Once it fulfills certain conditions given by Hong Kong’s SFC, SEBA Bank can fully launch its services. 
The regulatory framework, launched in June last year, came on the back of several crypto institutional collapses and financial losses. Precipitated first by the Terra-Luna wipeout, the FTX collaps… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/seba-bank-inches-closer-to-offering-virtual-asset-services-in-hong-kong/">SEBA Bank Inches Closer to Offering Virtual Asset Services in Hong Kong</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

SEBA Bank Inches Closer to Offering Virtual Asset Services in Hong Kong

Coin Edition

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