{"id":82041,"date":"2023-11-08T04:56:10","date_gmt":"2023-11-08T09:56:10","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/seba-banks-hong-kong-branch-secures-license-from-sfc\/"},"modified":"2023-11-08T04:56:13","modified_gmt":"2023-11-08T09:56:13","slug":"seba-banks-hong-kong-branch-secures-license-from-sfc","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=82041","title":{"rendered":"SEBA Bank\u2019s Hong Kong Branch Secures License from SFC"},"content":{"rendered":"<div>\n<figure id=\"attachment_128437\" aria-describedby=\"caption-attachment-128437\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><noscript><\/noscript><figcaption id=\"caption-attachment-128437\" class=\"wp-caption-text\">Source: SEBA Bank<\/figcaption><\/figure>\n<p>The Swiss crypto bank SEBA has announced that its wholly owned subsidiary SEBA Hong Kong has received a full license from the city\u2019s Securities and Futures Commission (SFC).<\/p>\n<p>This regulatory approval enables the bank to engage in a wide range of financial activities, including the handling and advisory of both digital and traditional assets. SEBA Bank also targets various clients, from institutional and professional investors, corporate treasuries, funds, to family offices and high-net-worth individuals.<\/p>\n<p>Amy Yu, CEO of SEBA Hong Kong, expressed enthusiasm about the SFC\u2019s final nod, addressing to Hong Kong\u2019s prominence in finance and innovation. \u201cThe region\u2019s position at the forefront of finance, trading, and innovation has long been attractive to us, as servicing APAC clientele is an integral aspiration of the team\u2019s DNA,\u201d Yu said. \u201cWe are tremendously excited by Hong Kong\u2019s deep-rooted capital markets and appetite for investment and trading.\u201d<\/p>\n<p>SEBA Bank CEO Franz Bergmueller echoed the sentiment, noting the importance of the operation in Hong Kong for the bank\u2019s global scope. \u201cWe are very pleased to have added this Hong Kong license with the full approval from the SFC to our existing licenses in Switzerland (FINMA) and Abu Dhabi (FSRA),\u201d he said, \u201cthe region\u2019s robust legal system provides a solid foundation to conduct crypto-related services and we look forward to beginning that from today.\u201d<\/p>\n<h2>SEBA Bank\u2019s Licensing Milestone: In Step with Hong Kong\u2019s Strategy<\/h2>\n<p><span class=\"replacer\"><\/span><br \/>In August, the Swiss-based SEBA Bank announced that it received an approval-in-principle (AIP) from the SFC, bringing it one step closer to the full license acquired today. SEBA Bank has been active pushing towards institutional custody of cryptocurrency and partnered with the Swiss bank SGKB to provide bitcoin and ether custody and trading services.<\/p>\n<p>On the other hand, as a finance center in Asia, Hong Kong aims to thrive as an international crypto hub despite global scrutiny. During Hong Kong FinTech Week 2023, the city\u2019s financial regulators demonstrated persistence and confidence in support for digital asset regulations and Web3 innovation, regardless of the recent crackdowns on crypto exchanges like JPEX.<\/p>\n<div class=\"newsletter home-newsletter single\">\n<div class=\"left-side\">\n<p>\n        <em><br \/>\n            Enter your email for our Free Daily Newsletter        <\/em>\n    <\/p>\n<p> A quick 3min read about today&#8217;s crypto news!<\/p>\n<p>    <span class=\"response-msg\" id=\"newsletter-response\"><\/span>\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>Read the full article <a href=\"https:\/\/cryptonews.com\/news\/seba-banks-hong-kong-branch-secures-full-license-for-crypto-services-from-sfc.htm\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: SEBA Bank The Swiss crypto bank SEBA has announced that its wholly owned subsidiary SEBA Hong Kong has received a full license from the city\u2019s Securities and Futures Commission (SFC). This regulatory approval enables the bank to engage in a wide range of financial activities, including the handling and advisory of both digital and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":82042,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243],"tags":[83],"class_list":["post-82041","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SEBA Bank\u2019s Hong Kong Branch Secures License from SFC | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Source: SEBA Bank The Swiss crypto bank SEBA has announced that its wholly owned subsidiary SEBA Hong Kong has received a full license from the city\u2019s\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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