Giant Crypto Bank Receives Approval to Operate in Hong Kong!

Seba, Switzerland’s leading crypto bank, has reached a key milestone in its global expansion efforts with the approval in principle (AIP) granted by the Hong Kong Securities and Futures Commission (SFC) for its regional subsidiary.

Swiss Crypto Bank Seba Receives Approval to Operate in Hong Kong

This strategic move demonstrates Seba’s commitment to expanding its international footprint and establishing a presence in one of Asia’s most prominent financial centres.

The AIP marks the first stage in obtaining a full license that will enable Seba Hong Kong to engage in transactions involving crypto- or virtual assets-related products and traditional securities.

This move coincides with Hong Kong’s latest regulatory framework introduced in June 2023, which aims to attract businesses operating in the crypto and blockchain space to the region.

Seba previously obtained a license from Abu Dhabi Global Market in February 2022.

Seba Group CEO Franz Bergmueller expressed the importance of this regulatory success:

“Complementing Seba Group’s established licenses in Switzerland (FINMA) and Abu Dhabi (FSRA), the Hong Kong AIP significantly expands our global regulatory footprint.

Seba Group is aligned with the Hong Kong government and financial regulators to facilitate an environment that supports responsible growth of the digital assets industry,” he added.

*This is not investment advice.