SEBA Cryptobank received a preliminary license in Hong Kong – Bits Media

Swiss cryptocurrency bank SEBA announced a preliminary license from the Hong Kong securities regulator and continues its expansion in Asia.

The approval of the Hong Kong regulator will allow the bank to trade securities, Including products, associated with cryptocurrencies - for example, Overcarrow derivatives for digital assets and structured products. The bank will also be able to provide consultations on working with securities and virtual assets and offer management as traditional, and digital assets.

As the director of SEBA emphasized in the Asia-Pacific region Amy Yu (Amy Yu), The bank sees huge potential in Hong Kong and Singapore, Since cryptocurrency firms provide great demand for full banking services.

"Think, There will be no problems with obtaining a full license by the end of the year. When we started this process, I understood, that Hong Kong regulators are extremely welcomed by cryptocurrency business. They want to make a big jerk for cryptofirs, facilitate their work as much as possible ", -emphasized the top manager Seba Bank.

According to Amy Yu, The Bank Hong Kong division works directly with headquarters in Zurich. The unit already has a large number of customers in Asia, who are interested in his proposals. Amy Yu told, that the next step for Seba Bank will be obtaining a license in Singapore.

Previously reported, that the Swiss banks are experiencing a significant increase in demand for services from crypto -films.