According to Foresight News, Swiss cryptocurrency bank SEBA Bank has received in-principle approval from the Hong Kong Securities and Futures Commission (SFC). This will enable it to engage in securities trading, including cryptocurrency-related products such as over-the-counter derivatives and structured products, as well as provide advice on securities and virtual assets, and provide asset management for discretionary accounts of traditional securities and virtual assets.
“We don’t see any problem getting formal approval by the end of this year,” said Amy Yu, CEO of SEBA Asia Pacific.
