SEBA Bank, a Swiss bank with a crypto-friendly arm in Hong Kong, has been granted in-principle approval from the Hong Kong Securities and Futures Commission (SFC) to deal in virtual assets. This license will allow SEBA Hong Kong to offer services such as over-the-counter derivatives, asset management for discretionary accounts in virtual assets, and advice on virtual assets. Amy Yu, the Asia-Pacific CEO of SEBA Hong Kong, believes that Hong Kong is well-positioned to tap into the Chinese market when it opens up due to its strategic location and the SFC’s virtual asset regulatory framework. In Switzerland, SEBA Bank offers traditional banking services as well as crypto services such as trading, staking, lending, and custody. In Hong Kong, two exchanges have been granted regulatory clearance to offer retail trading in Bitcoin and Ether: HashKey and OSL. The SFC has also given in-principle approval to the Hong Kong Virtual Asset Exchange (HKVAX) to operate a crypto trading platform.
This News Article was automatically generated by Bob the Bot(AI)
This News Article was automatically generated by Bob the Bot(AI)
| Information | Details |
|---|---|
| Geography | Asia |
| Countries | 🇨🇳 ðŸ‡ðŸ‡° 🇨🇠|
| Sentiment | neutral |
| Relevance Score | 9 |
| People | HKVAX, Amy Yu, HashKey, SEBA Hong Kong, OSL |
| Companies | SEBA Bank, Hong Kong Virtual Asset Exchange (HKVAX)., HashKey, SEBA Hong Kong, OSL, Hong Kong Securities and Futures Commission (SFC) |
| Currencies | Ethereum, Bitcoin |
| Securities | None |
