Reddit Posts
Swiss crypto bank SEBA secures Hong Kong SFC license
SEBA Hong Kong Gains Preliminary Approval for Crypto-Related Services
Swiss SEBA Bank gets approval-in-principle for Hong Kong crypto services
Swiss bank SEBA nears approval for Hong Kong crypto services
UAE Wants To Be A Global Crypto Hub, Says SEBA Bank Senior Exec Christian Borel
SEBA Bank partners with HashKey for institutional crypto adoption
SEBA Bank partners with HashKey for institutional adoption
Top companies/projects affected by FTX & Alameda Research. aka STAY AWAY FOR NOW!
Here are the top 10 news stories from the week (October 24 - October 28)
Top 10 news stories from the week (October 17 - October 21)
Swiss crypto bank SEBA launches custody for blue-chip NFTs
Swiss-Based Crypto Bank SEBA Offers Custody for 'Blue Chip' NFTs
SEBA Bank to provide Ethereum staking services to institutions
SEBA Bank to provide Ethereum staking services to institutions
Liechtenstein’s Largest Private Bank Enables Direct Investments in Bitcoin
Mentions
UBS and HSBC to Offer Crypto-Linked ETFs to Wealthy Clients in Hong Kong: \- UBS Group and HSBC plan to offer cryptocurrency-linked exchange-traded funds (ETFs) to their wealthy clients in Hong Kong. \- UBS clients will have access to three authorized crypto-related futures ETFs, while HSBC has integrated these ETFs into its investment platform. \- This move aligns with Hong Kong's efforts to position itself as a major hub for digital assets. \- Major financial institutions engaging in the digital asset space signifies a trend of traditional players acknowledging and participating in the crypto economy. \- Hong Kong is considering allowing retail investors to buy spot crypto ETFs, emphasizing investor education and risk comprehension due to market volatility. \- UBS is one of the banks working on a central bank digital currency pilot, and other institutions like DBS Group Holdings and SEBA Bank are embracing the crypto economy. \- Approval of a Bitcoin Spot ETF in the US is eagerly awaited as it could attract significant investments and potentially drive up the Bitcoin price. Check here for more coverage [daily briefs](https://www.brief.news/stories/15d69ba5-4c6a-4b05-ac70-bd4e0ef9bdbc?date=2023-11-11&categories=Crypto&source=%2F&utm_source=brief-home&utm_medium=web)
Despite its relatively low adoption in the US, XRP has continued to enjoy widespread adoption overseas in countries like Japan, Singapore, and others looking to incorporate cryptocurrencies into their economy. This time, France is rumored to be the latest country to have taken an interest in the token, per rumored reports. Rumors have been circulating recently that France’s Central Bank, Banque de France, is considering adopting XRP for its digital euro, according to Edward Farina, a prominent figure in the community. However, there is yet to be any official announcement from the country’s foremost bank. It is worth mentioning that the bank isn’t new to the blockchain and crypto space. Between 2020 and 2021, Banque de France ran a pilot test of a Central Bank Digital Currency (CBDC) on a blockchain within the country’s debt market. As part of the experiment, participants traded securities and government bonds using CBDCs, which the bank supplied. In June 2021, the central bank explored the feasibility of using its CBDC for cross-border payments when it collaborated with the Swiss crypto-focused bank SEBA to test a CBDC for stimulating the settlement and transfer of listed security. Meanwhile, the Central Bank highlighted the token’s potential in a research paper “Implementation of real-time settlement for banks using decentralised ledger technology: policy and legal implications” in 2016. The paper noted the difficulties experienced in facilitating cross-border payment transactions using the traditional correspondent banking network and how XRP could solve this problem. According to the bank, a token like XRP could be used as an intermediary asset to bridge any currency pair while using a decentralized ledger technology to facilitate these transactions – which is where Ripple’s on-demand liquidity and the XRPL come in. Such development represents what Ripple’s CEO Brad Garlinghouse was referring to when he stated that the token could become the next bitcoin if his company, Ripple, solves huge financial problems like this. Despite some analysts predicting that the XRP price could further decline based on some technical analysis indicators, several fundamentals could potentially boost the token’s price. For one, XRP’s success seems to be majorly hinged on Ripple’s actions, and so far, the crypto company is undeniably forging ahead despite its legal battles. Furthermore, XRP has gone beyond being touted as a solution to a global financial problem to being implemented in the global financial structure. Banks in Asia are already adopting the token to process cross-border payments and massively contributing to the impressive trading volume that the token records on a daily basis. The token’s utility is bound to increase (especially in the US) as Ripple continues to land several blows to the SEC’s case against the crypto company. Ripple’s President Monica Lang had mentioned how Judge Analisa Torres’ ruling gave the company a much-needed boost to expand its services not just in the US but overseas. In such a case, the XRP price could see an increase as a result of the rising adoption. However, it still remains to be seen if there is any substance to the rumors.
Not one, but two exchanges (HashKey Exchange and Switzerland-based crypto-friendly SEBA Bank) have been approved to be incensed trading platforms in Hong Kong
Switzerland-based crypto-friendly SEBA Bank announced it has received an approval-in-principle to operate in Hong Kong. 🇨🇭 🇭🇰
tldr; Swiss crypto-focused SEBA Bank on Wednesday said it has received an approval-in-principle from Hong Kong's securities regulator that takes it only one step away from offering virtual asset services in the Asian financial hub. Swiss crypto-focused SEBA Bank on Wednesday said it has received an approval-in-principle from Hong Kong's securities regulator that takes it only one step away from offering virtual asset services in the Asian financial hub. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*
tldr; Swiss bank SEBA's Hong Kong branch has received preliminary approval from the Securities and Futures Commission (SFC) for its license application, allowing it to engage in regulated activities in the city-state. Once granted, SEBA will be among the first licensed entities in Hong Kong to offer crypto investment services. The bank anticipates securing its complete license by the fourth quarter of this year, and is considering expanding into other crypto centers in the region. Hong Kong has recently established a licensing system and lifted the ban on retail crypto trading, signaling its move towards becoming a prominent crypto hub. Currently, only HashKey and OSL Exchange are listed as licensed crypto platforms by the SFC. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*
Swiss crypto-focused SEBA Bank on Wednesday said it has received an approval-in-principle from Hong Kong's securities regulator that takes it only one step away from offering virtual asset services in the Asian financial hub .
tldr; The relevant text of the article is: "Christian Borel, senior executive officer at SEBA Bank MENA, highlighted the stark differences in regulatory approaches between the United Arab Emirates (UAE) and the U.S. towards the burgeoning crypto industry. 'What the United Arab Emirates (UAE) has built is unique: an efficient, solid infrastructure that continues to attract both talent and capital from all over the world,' he said, in an interview with Benzinga. The proactive measures taken by the UAE, especially in Dubai and Abu Dhabi, foster a supportive environment for cryptocurrency and blockchain businesses. This stands in contrast to the more conservative approach observed in the U.S., especially with the Securities and Exchange Commission's (SEC) recent crackdown on crypto exchanges. Drawing attention to the UAE's agile regulatory stance, Borel stated, 'On the global stage, UAE regulation is agile and proactive. Instead of immediately shutting down innovative operations that don’t easily fit our centuries-old perception of the economy, like we’re seeing in the United States...UAE regulators work to find a new solution.' This highlights the UAE's willingness to understand and adapt to the nuances of emerging technologies, rather than dismissing them outright. Discussing the protective measures in place for crypto investors in the UAE, Borel emphasized the role of regulatory bodies like the FSRA in Abu Dhabi and VARA in Dubai. He said that digital asset regulation in the UAE is enforced in order to protect the customer and that the FSRA has been at the forefront of recognizing the value of the crypto economy, while VARA, though newer, has set strict standards to ensure end-user protection. Reflecting on the broader crypto landscape in the UAE, Borel says there has been a significant growth trajectory over the past five years, driven by the government's proactive initiatives. 'In terms of a future outlook, regulation is becoming an increasing priority as we see license issuers turn more diligent, only satisfied with the highest standard and an impermeable framework to secure investors’ safety,' he said." Summary: Christian Borel, senior executive officer at SEBA Bank MENA, praises the United Arab Emirates (UAE) for its proactive and agile regulatory approach towards the crypto industry, in contrast to the more conservative approach in the U.S. He highlights the UAE's willingness to understand and adapt to emerging technologies. Borel emphasizes the role of regulatory bodies in the UAE, such as the FSRA and VARA, in protecting crypto investors. He also notes the significant growth of the crypto landscape in the UAE driven by the government's initiatives, and the increasing priority of regulation for ensuring investor safety. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*
Swissquote dukascopy Bank Frick & Co. AG FIDOR Bank AG Xapo Bank Limited SEBA Bank AG Maerki Baumann & Co. AG InCore Bank AG Sygnum Bank AG
Top 10. 1. Fidor Bank 2. Wirex 3. SEBA Bank 4. Falcon Private Bank 5. Bitpanda 6. Change Bank 7. Coinmotion 8. Revolut 9. Simple Bank 10. Nuri
tldr; Switzerland, Liechtenstein, and island states could become key jurisdictions for firms dealing with digital assets. Swiss bank SEBA said it has already started onboarding crypto clients that have recently shown interest. Gibraltar's Xapo Bank has also seen increased demand for new accounts in the past few days. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Get more of today's trending news [here](https://coinfeeds.substack.com).*
>Some crypto exchanges are looking outside the U.S. for new banking partners after the closures of Signature Bank and Silvergate Bank, which had been used by multiple exchanges to settle trades, make deposits and convert dollars into crypto assets and vice versa. After U.S. regulators shut down New York-based Signature on Sunday and promised to make depositors whole, Coinbase said it had $240 million in cash with the bank that it expected to fully recover. Kraken said its dollar-denominated funding remains uninterrupted, while Crypto.com’s CEO Kris Marszalek said it had no exposure to Signature. Henry Liu, chief executive of crypto exchange BTSE, said it is exploring partnering with European banks or even those in Hong Kong, which has been working to attract crypto companies. The onboarding process would take some time, he added. Banking with institutions outside the U.S. could also mean longer transaction times due to the need for Swift wire transfers and foreign currency conversions, Mr. Liu said. Lennix Lai, a managing director at OKX, said his exchange was not materially impacted by the closures of crypto-friendly banks. He added that the crisis could create an opportunity for banks in Asia to step in. On Sunday, Swiss-based SEBA Bank said it has received more interest from potential customers in recent days, and is increasing onboarding resources to meet the demand. The bank, which provides crypto banking and investment services, said it had no exposure to Silicon Valley Bank or USD Coin.
Maerki Baumann, SEBA, Incore, Sygnum, I guess SwissQuote could be included… Not my market though, might be more or better options.
tldr On Dec. 6, financial services firm Goldman Sachs expressed its intent to purchase or invest in crypto companies. Meanwhile, SEBA Bank aims to speed up institutional adoption through a partnership with HashKey Group. On Nov. 4, a survey released by Fidelity Digital Assets showed why institutions are accumulating crypto in 2022.
tldr; Swiss bank SEBA Bank has formed a partnership with financial services firm HashKey Group to accelerate the institutional adoption of digital assets in Hong Kong and Switzerland. The two firms will aim to create various solutions for institutional investors seeking to dive into the crypto ecosystem. Both companies said they are dedicated to compliance and embracing various regulatory frameworks within their jurisdictions. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; SEBA is extending its digital asset custody services to blue-chip NFTs such as Bored Apes and CryptoPunks. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
*Crypto bank SEBA has extended its digital asset custody services to blue chip, or premium, non-fungible tokens (NFT) including Bored Apes and CryptoPunks.* We’re al thinking it so I’ll just say it.. **Wen Reddit Avatars?**
tldr; Digital assets are at an inflection point. Institutional engagement with the asset class is reaching unprecedented levels, says Franz Bergmueller, CEO of SEBA Bank, a digital-asset bank. The industry needs to address a number of key concerns in order to enable institutional investors to operate with confidence in the sector, he adds. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
hodl on to deez 🥜 Crypto is about to moon Yes, crypto is volatile Yes, ETH is superior tech Yes, HUGE upgrade Yes, mass adoption coming with Blackrock, Fidelity and SEBA opening services for institutional clients in time for the merge. Yes, some talk about favorable legislation Yes, fiat sucks DOESN’T MATTER. Billionaires are liquidating their stock positions to buy ETH after the MERGE! So hold onto to deez 🥜 TIGHT like an astronaut headed to the moon! The world shouldn’t work this way? F the world then, we’re headed to the moon! At-risk asset? The central banks fiat slavery system puts me and my families health and happiness at risk! crypto is about to crash Yes, crypto is awesome Yes, it's superior tech Yes, huge eth upgrade Yes, mass adoption with institutions Yes, talk of favorable legislation Yes, establishment fiat is all messed up Doesn't matter. Nasdaq is down 4% so crypto will crash soon. If you haven't realized this already then you might want to pay attention now. The world shouldn't work like this, but it does. Does anyone here think that crypto is going to stop being a risk-on asset anytime soon? I don't.
Why do you believe the merge will result in a correction immediately following? And please share other reasons than “sell the news” because there honestly isn’t much to sell… ETH did double since hitting a low of $800, however we are so far from the ATH… I mean the last week and weeks Blackrock, Fidelity, SEBA have opened ETH buying/staking for their institutional clients… they have Google even hyping the merge… I believe the recent pump looks healthy and bullish… if ETH tripled or more I’d say yeah probably sell the news, if Bitcoin touched $40,000 plus then yeah probably a sell off, but all I see is a healthy floor for this thing to take off for a short time and then a dump after we are “officially” in a recession and the bottom falls out of the economy probably in December or January.
Answer me this… why have massive investment firms just a weeks before the merge opened up ETH services to their clients? Fidelity, Blackrock, SEBA bank… what’s going to happen is institutional money is going to flood ETH. Buy the rumor sell the news is not the scenario at play here… “The Flippening” will happen this Bull Cycle starting Wednesday night.
tldr; Swiss digital asset banking platform SEBA Bank has launched an ETH staking service for institutions that want to earn yields from staking on the Ethereum network. The move is a response to the growing institutional demand for decentralized finance (DeFi) services. SEBA believes that institutions can also play a role in securing the network by staking ETH. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Bitcoin briefly sank below $19,000 on Thursday, hitting a fresh low for the year as investors digested the collapse of cryptocurrency hedge fund Three Arrows and the rising risk of an economic recession. The leading cryptocurrency was down 4.4% at $19,209.20 as of 9:30 a.m. ET Thursday, according to CoinBase data. Bitcoin’s value has plummeted nearly 60% so far this year and more than 70% off its all-time high of $69,000 last November. “Bitcoin continues to be under pressure as other assets are. The mix of high inflation, rising interest rates and recession weigh on cryptocurrencies,” Yves Longchamp, head of research at SEBA Bank, told CNBC regarding the selloff.
tldr; Swiss private bank Julius Baer Group will begin offering bitcoin and other cryptocurrencies to high-net-worth clients. The bank has taken a stake in SEBA Crypto AG, one of only two fully-regulated crypto banks in Switzerland. The private bank plans to keep a watchful eye on the growing asset class, monitoring its evolution. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; Liechtenstein's LGT Bank has teamed up with Switzerland's SEBA bank to offer their customers an option to directly invest in Bitcoin and ETH. The decision was made based on growing demand for crypto transactions and interest in blockchain tech. The custody solution is fully regulated and will let customers store their digital assets using the same rules normally used for traditional assets. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Hey, that’s something. I’d be curious to know how LGT/SEBA are insuring these assets for their clients.
tldr; LGT Bank, the largest family-owned private bank in the world, is offering direct investments in bitcoin and another cryptocurrency through a partnership with Swiss financial institution SEBA Bank. The initial offering is only available to select clients located in Liechtenstein and Switzerland. LGT is in the process of extending this functionality across a broader range of locations. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; LGT Bank, the largest family-owned private bank in the world, is offering direct investments in bitcoin and another cryptocurrency through a partnership with Swiss financial institution SEBA Bank. The initial offering is only available to select clients located in Liechtenstein and Switzerland. LGT is in the process of extending this functionality across a broader range of locations. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
"Responding to growing demand among its wealthy clientele, LGT will initially offer investment services for bitcoin (BTC) and ether (ETH). The bank is in discussions to add more coins as well as staking and yield earning possibilities, according to Mathias Schütz, SEBA’s head of client and tech solutions."
SEBAX Exchange Traded Product (ETP) Where can one get $ into this or with SEBA?
tldr; Eva Oberholzer has joined the DFINITY Foundation, a major contributor to the Internet Computer (IC), as Chief Growth Officer (CGO). Eva previously acted as CMO of SEBA Bank, where she helped secure the first crypto banking licence for crypto banking services. The Internet Computer is the world's most powerful general-purpose blockchain and Web3 platform based on transaction speed and data storage. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*