Crypto Division of Societe Generale Gets Approval in France
French banking giant, Societe Generale’s crypto division , SG Forge, is the latest firm to get regulatory approval from the AMF (Autorité des Marchés Financiers). According to AMF’s website, SG Forge is authorized to offer buying , selling, trading, and custody of digital assets from September 27th. Societe Generale is the latest to join the list of crypto firms that have obtained digital asset service provider (DASP) registration in France. Binance and Crypto.com are among the other firms that have been approved by the AMF. Societe Generale is one of the largest financial institutions in the world. The bank’s cryptocurrency service approval should ideally pave the way for more cryptocurrency adoption in the country. Uptick in European Crypto Adoption Recently European diplomats approved the text of their MiCA (Markets in Crypto Assets Regulation) legislation. The law will now have to be approved by the European Parliament, before being enacted. However, t...