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Hong Kong grants SEBA Bank in-principle approval for crypto trading

The Hong Kong branch of SEBA Bank has received an in-principle approval from the Hong Kong Securities and Futures Commission (SFC) to provide virtual asset trading services in the jurisdiction, the Swiss crypto-focused lender announced today. The SFC’s approval will allow SEBA Hong Kong to offer regulated crypto services including over-the-counter derivatives, advice, and account management. The in-principle approval granted to SEBA Hong Kong marks another crypto milestone for the jurisdiction. In June, a new crypto licensing regime set out a regulatory framework for exchanges and began granting licences for retail trading services.

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