Seeking Alpha
2022-10-17 14:52:27

Societe Generale's Forge wins registration from French regulator to offer crypto services

French lending giant Societe Generale's (OTCPK:SCGLF) cryptocurrency business, Forge, has secured registration with the Autorité des Marchés Financiers ("AMF") for digital assets custody and trading.The AMF's website indicated that SG Forge is registered to offer those services as of September 27, in a move that underscores the country's acceptance of digital assets. In May, Binance, the world's largest crypto exchange by trading volume, gained regulatory approval to custody digital assets in France.SocGen's (OTCPK:SCGLF) digital asset service provider registration followed its introduction of services for its asset manager clients looking to develop crypto-based funds. 

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