SEBA Regulated Crypto Bank To Re-Raise $103 Million
Representatives of the regulated Swiss bank SEBA, specialized in cryptocurrencies, announced their intention to carry out the second stage of financing. They plan to raise 103 million US dollars. SEBA was created by former UBS employees in 2018. Then the startup attracted 100 million Swiss francs for development ($103 million). In late summer 2019, the bank received a license for financial activities from the country's main financial regulator (FINMA). In November 2019, the bank began officially working in Switzerland. The creators of SEBA have grandiose plans: they want to start serving customers in nine more countries in the near future: in Singapore, Hong Kong, Great Britain, Italy, Germany, France, Austria, Portugal, and the Netherlands. Recall earlier we wrote that Bitcoin consumes more energy than Switzerland. To keep up with the latest news in the world of cryptocurrencies and the blockchain industry, check out updates on TheCoinShark.