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Crypto Bank Seba Opens Office in Hong Kong, As the City Aims To Reclaim Crypto Hub Status

Switzerland-headquartered Seba Bank expanded into Hong Kong with a new office as the Chinese region attempts to reclaim its status as a crypto hub.

The Hong Kong office will be a center for Seba's APAC growth plans, the bank said in a statement on Wednesday. Hong Kong recently outlined plans to become a crypto hub again as rival Singapore appears to be pivoting to stricter regulation. Hong Kong plans to widen the scope of crypto assets available in the city, while also exploring how to open the crypto market to retail investors.

Seba Hong Kong plans to initially focus on market research and consultancy services. Its offices in Switzerland provide a suite of regulated banking and investment services, including trading, structured products, bank accounts, cards, credit, staking, and crypto and NFT custody.

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