SEBA Scores SFC License To Offer A Crypto-Related Suite Of Services In Hong Kong
Portfolio Pulse from Murtuza Merchant
Crypto bank SEBA has obtained a license from the Securities and Futures Commission (SFC) in Hong Kong, allowing it to offer a range of regulated activities including traditional securities and crypto-related services. The move is part of SEBA's strategic vision to establish itself in the APAC market. The license allows SEBA Hong Kong to deal and distribute securities, provide advice on securities and virtual assets, and manage assets for discretionary accounts.
November 08, 2023 | 4:11 pm
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SEBA's new license in Hong Kong could potentially impact the price of Bitcoin as it may increase the accessibility and legitimacy of the cryptocurrency in the APAC region.
SEBA's new license allows it to offer crypto-related services in Hong Kong, a major financial hub. This could increase the accessibility and legitimacy of Bitcoin in the region, potentially leading to increased demand and a positive impact on its price.
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