Swiss cryptocurrency bank SEBA Bank has received in-principle approval from the Hong Kong Securities and Futures Commission to engage in the trading of cryptocurrency product securities

ChainCatcher news, according to The Block, Switzerland-based cryptocurrency bank SEBA Bank has received in-principle approval from the Hong Kong Securities and Futures Commission (SFC), which will enable it to engage in securities trading, including cryptocurrency-related products such as over-the-counter derivatives and structured products, as well as provide advice on securities and virtual assets, and offer asset management for fully discretionary accounts for traditional securities and virtual assets.

SEBA's Asia-Pacific CEO Amy Yu stated, "We believe there is no issue in obtaining formal approval before the end of this year."