A cryptocurrency startup based in Switzerland, SEBA Crypto AG expects banking license in 2019 following the increase of interest in crypto banking services, according to the report of Swiss financial news outlet Cash.
It was also stated that the company expects that it will receive a banking and securities dealer license from FINMA, Switzerland’s financial market regulator, by June of 2019. If granted, the license would allow the firm to conduct cryptocurrency trades and investments for qualified investors and other banks.
The CEO of SEBA Crypto AG, Guido Bühler said that SEBA also plans to start offering custodial services in the next year.
It was reported earlier that the company originally raised $103 million in September to build their cryptocurrency bank. At the time that the funds were raised, Company CEO. Bühler declared the bank as a bridge between the cryptosphere and the traditional financial worlds.
Seba Crypto AG (SEBA) has raised 100 million Swiss francs ($103 million) for the creation of a regulated bank that lets customers trade fiat for digital currency.#SEBA #cryptocurrencieshttps://t.co/YvvJ89MFrd— Growth BIZ ⌛🚀 (@onlinetraderbiz) September 27, 2018
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