SEBA Hongkong is set to become the first licensed company in China to offer cryptocurrency services, providing a platform for regulated activities with digital assets. The global crypto bank provides financial solutions for the digital age in asset management, investment, trading and consulting. The company has announced that its regional subsidiary has received a fundamental authorization (AIP) from the Securities and Futures Commission (SFC) in Hongkong – the first of its kind for a Swiss crypto bank.Hongkong has been attempting to lower the barriers for crypto companies and digital assets. In contrast to its neighbor China, which has imposed a de facto crypto ban through various measures, the Special Administrative Region is positioning itself as a hotspot for crypto companies. SEBA is now part of the first group of companies to operate regulated activities in digital assets in Hongkong. The license covers products related to virtual assets, such as OTC derivatives and structured products. The company is now also allowed to advise on securities and virtual assets, as well as manage assets for discretionary accounts in both traditional securities and virtual assets.The receipt of an AIP is the first step towards an official license. Once all the conditions of the Securities and Futures Commission (SFC) are met, SEBA Hongkong can operate fully as a licensed company. According to the crypto bank, this makes the Swiss-based bank a major pioneer in the emerging crypto economy of Hongkong.The crypto bank already had the FINMA license in its home country since 2019, while the FSRA license in Abu Dhabi came in 2022. The AIP license in Hongkong is thus another step in its global expansion. SEBA is joining the government of Hongkong and the local financial regulators to create an environment that supports the responsible growth of the digital asset industry.

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Information	Details
Geography	Asia
Countries	🇨🇭 🇭🇰 🇨🇳
Sentiment	positive
Relevance Score	8
People	Amy Yu, Franz Bergmüller, None
Companies	FSRA, SEBA, Securities and Futures Commission (SFC), FINMA, SEBA Bank Gruppe
Currencies	None
Securities	None