The Hong Kong branch of crypto-friendly Swiss bank SEBA Bank has received in-principle approval from the Hong Kong Securities and Futures Commission (SFC) to launch a virtual asset business. SEBA Hong Kong will engage in cryptocurrency product business, including over-the-counter derivatives trading, virtual asset advisory and virtual asset management for self-directed accounts. SEBA Bank is a Swiss-regulated bank that focuses on the management, investment and storage of traditional and digital assets, providing products and services such as current accounts, online banking, deposits, loans, credit cards, custody services, investments and transactions.