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SEBA Hong Kong Receives In-Principle Approval from SFC to Deal in Virtual Assets

SEBA Bank's Hong Kong branch has been granted in-principle approval from the Hong Kong Securities and Futures Commission to deal in virtual assets. The license will allow SEBA Hong Kong to offer services such as over-the-counter derivatives, asset management for discretionary accounts in virtual assets, and advising on virtual assets.

The CEO of SEBA Hong Kong, Amy Yu, stated that Hong Kong's regulatory framework and legal system provide enormous potential for the bank. Yu also believes that Hong Kong is well-positioned to tap into the Chinese market when it opens up, as it is in a strategic location and a Special Administrative Region of China.

Hong Kong Virtual Assets
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