Hong Kong Gives SEBA Bank Approval in Principle for Crypto Transactions

The Hong Kong branch of Switzerland-based cryptocurrency-friendly SEBA Bank has received an approval in principle from the Hong Kong Securities and Futures Commission (SFC) to offer virtual asset trading services in the jurisdiction. Once the SFC's approval is granted in full, SEBA Bank will be able to offer cryptocurrency services in Hong Kong.

"SEBA Hong Kong appreciates the example that Hong Kong has set for regulatory standards around the world and values the role of this licence in expanding our regulated footprint in Asia Pacific," said Amy Yu, SEBA Hong Kong's Asia-Pacific Chief Executive Officer.