The crypto division of France’s third-largest bank is the first to get a license in France.
A company may only apply for a license if it has a physical presence in the country.
Société Générale, one of the major commercial banks in France, has become the first French company to get a crypto license for its crypto division, FORGE. The most recent development is that SG FORGE received its AMF authorization on Tuesday, July 18.
As a result, the crypto department may now provide services including digital asset custody solutions and the purchase/sale of digital assets using fiat currency. Providing services for the buying and selling of digital assets, as well as receiving and sending orders from other parties, falls under this category as well.
Several crypto companies, including Binance, the biggest cryptocurrency exchange in the world have registered with the AMF. The crypto division of France’s third-largest bank, FORGE, is the first to get a license, nevertheless. Binance was
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