Hong Kong’s Securities and Futures Commission (SFC) granted in-principle approval to the local arm of the crypto-friendly Swiss bank SEBA Bank that would allow it to deal in virtual asset services.
The Hong Kong arm of crypto-friendly Swiss bank SEBA Bank has received in-principle approval from the Hong Kong Securities and Futures Commission allowing it to deal in virtual assets.
Speaking to Cointelegraph the Asia-Pacific CEO of SEBA Hong Kong Amy Yu said Hong Kong provides enormous potential due to the SFC’s virtual assetYu added while China has a crypto trading ban, Hong Kong is “well-positioned to tap into the Chinese market when it opens up” as its in a strategic location in being close to the mainland, while also being a Special Administrative Region of China.
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