The crypto division of French banking giant Societe Generale, It became the first company in the country to receive a license from the Financial Markets Authority (AMF) to offer crypto services.
of AMF 19 July According to the statement published on its official website on Societe Generale’s crypto unit SG Forge, It became the first bank to obtain a license from the country’s regulator to provide crypto services. With this license, SG Forge provides crypto assets. receipt of third party orders And transmitting able to operate in the field.
The world’s largest cryptocurrency exchange at Binance many crypto companies, including to AMF registered is located but France’s largest Crypto division of 3rd bank Societe Generale, in this area a by leading the way obtained a license in the country to offer crypto services.
Licensed in October last year. SG Forgecrypto asset storage, purchase and sale And payment services In order to operate in the field, it had received approval from the regulator institution.
Also, SG Forge will be released in April of 2022. Ethereum (ETH) a stablecoin pegged to the euro on its network Euro Coinvertible (EUR-C) had exported.
French regulators have recently taken over the U.S. regulatory hard attitude due to its activities unable to execute or running difficult crypto companies to the country had invited.
The country’s regulations for the cryptocurrency sector are much more complicated than in the United States. predictable And stable although it is stated that that it is not easy attention was drawn.