Hong Kong grants crypto approval to a major Swiss bank We se | Crypto Push

Hong Kong grants crypto approval to a major Swiss bank

We see enormous potential in Hong Kong’s journey to becoming a global crypto market leader and look forward to contributing to that trajectory. SEBA Hong Kong commends the example Hong Kong sets for regulatory standards worldwide, and values the role of this licence in expanding our regulated footprint across Asia Pacific.

How Hong Kong is adopting crypto
Hong Kong authorities issued a series of crypto-related policy statements in October 2022. The action suggested that it might reopen to ventures focusing on digital assets. In December 2022, Hong Kong’s Legislative Council passed an amendment establishing a full licensing mechanism for crypto platforms offering retail trading services.