SEBA Bank, a Swiss crypto bank, has obtained a license from Hong Kong's Securities and Futures Commission that allows its subsidiary to carry out crypto-related services in Hong Kong. These services include dealing and distributing securities, OTC derivatives, asset management and providing advice on virtual assets. The move comes one month after Hong Kong authorities proposed a range of new policy statements on cryptocurrencies. SEBA Bank currently operates globally in three regulated hubs: Switzerland, Abu Dhabi and now Hong Kong. Last month, the SFC updated its virtual asset-related guidance with two new investor protection measures, and in June, the city launching its crypto licensing regime to permit exchanges to provide retail trading services. These steps are part of a larger global movement towards a more regulated crypto economy.



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