Societe Generale Becomes 1st Company to Receive Crypto License in France
Societe Generale, more commonly referred to as SocGen, has become the first company to receive a crypto license in France. The FinServ company’s crypto division, SG Forge, got multiple services licensed on July 18. France’s financial market regulator, Autorité des Marchés Financiers, has officially green-flagged the company to provide digital asset custody services. SG Forge is now also licensed to foster the buying-selling of crypto and other digital assets. Parallelly, it is also eligible to “receipt and transmission” third-party crypto orders. Source: Autorité des Marchés Financiers Well, this is not the first time Societe Generale has made strides in the crypto field. In April 2023, the Forge recently introduced a stablecoin pegged to the euro. The asset was based on the Ethereum public blockchain. The launch helped the company secure another “first” record. As reported recently, the bank’s EUR CoinVertiblie became the first inst...