SEBA Hong Kong, a subsidiary of the Zug-headquartered crypto bank SEBA Bank, has been issued an in-principle approval by the Securities and Futures Commission (SFC) of the Chinese Special Administrative region, the bank said on Wednesday. The approval has been granted for the entity’s application for a license to conduct regulated activities in Hong Kong which will allow it to deal in securities, including crypto-related products such as over-the-counter derivatives and structured products.