🚀 SEBA Hong Kong Secures AIP for Crypto License 🌏

SEBA Bank's Hong Kong offshoot has received an approval-in-principle (AIP) from the Hong Kong Securities and Futures Commission (SFC) for a license to conduct regulated activities in the region. This marks a significant milestone in Hong Kong's journey to becoming a global crypto market leader. 🎉

Key takeaways:

- License covers dealing in securities, including virtual asset-related products like OTC derivatives and structured products

- SEBA Hong Kong will be authorized to provide advisory services across traditional securities and virtual assets

- AIP is the first step towards obtaining an official license, allowing SEBA Hong Kong to function as a licensed establishment once all SFC prerequisites are met

What are your thoughts on Hong Kong's growing crypto market? Let us know in the comments below! 👇