TechFlow news: SEBA Bank, a Swiss bank supporting cryptocurrency, has received in-principle approval from the Hong Kong Securities and Futures Commission (SFC) for its Hong Kong branch to conduct virtual asset trading. On August 30, SEBA Hong Kong stated that the in-principle approved license will allow it to operate over-the-counter derivatives and other crypto products, provide advice on virtual assets, and manage assets for discretionary virtual asset accounts.
Amy Yu, CEO of SEBA Hong Kong's Asia-Pacific division, said in an interview that Hong Kong offers significant potential due to the SFC's virtual asset regulatory framework and the city's legal system.
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