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Crypto bank SEBA expands to 9 new markets, including Singapore and Hong Kong


Switzerland-based cryptocurrency bank SEBA, a month after going fully operational, has rolled out its services to 9 new countries. In a recent statement shared with The Block, institutional clients and accredited investors from Singapore, Hong Kong, the U.K. Italy, Germany, France, Austria, Portugal, and the Netherlands can now open accounts with the crypto bank.

“More than 10 years after the invention of Bitcoin, there is still a tremendous gap between traditional banking on one side and decentralized finance on the other side. SEBA Bank, an integrated bank focused on digital assets, works as a bridge-builder offering a comprehensive range of services in digital as well as in traditional finance,” stated SEBA in Thursday’s release.

SEBA was set up in April 2018 and is the secondary cryptocurrency bank in Switzerland which has acquired a trading license from FINMA. Digital asset technology group Sygnum got supervisory consent on the same day as SEBA. The organization has been in discussions with controls in Singapore to obtain a trading license on the island nation.

The bank additionally allows SEBA wallet app, e-banking, and SEBA card facilities, by which consumers can manage and control five Cryptocurrencies including – Bitcoin (BTC), Ether (ETH), Stellar (XLM), Litecoin (LTC) and Ethereum Classic (ETC), furthermore change them into conventional currencies and vice versa online. SEBA also presents corporate accounts to Swiss blockchain companies and their employees.

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