SEBA Bank's executive Amy Yu expects to see the final approval by the end of 2023.
SEBA Bank’s executive Amy Yu expects to see the final approval by the end of 2023.
The company now needs to comply with additional conditions for final approval before being eligible to provide digital asset services to local consumers., the Hong Kong Securities and Futures Commission intends to grant the Swiss organization an authorization to engage in securities dealing, such as providing crypto-related structured products and managing digital assets, once it meets necessary regulatory requirements.
Amy Yu – Asia Pacific Chief Executive Officer at the company – said SEBA Bank has seen an increasing demand for derivatives from cryptocurrency firms seeking to hedge their positions.
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