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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...

NFTs are not in their best shape now. The whole hype seems to have worn off, which is evident in the notable drop in NFT sales on several NFT marketplaces, including OpenSea. However, the scrutiny over NFTs doesn’t seem to wear off as Yuga Labs faces an investigation from the SEC. Bored Ape Yacht Club ( BAYC ) creator Yuga Labs faces a probe from the US Securities and Exchange Commission (SEC), according to Bloomberg. The investigation is to enquire whether the Bored Ape Yacht Club NFT collection violated federal law. BREAKING: 🇺🇸 SEC launches investigation into Bored Ape Yacht Club creator Yuga Labs. — Watcher.Guru (@WatcherGuru) October 11, 2022 SEC is examining whether BAYC NFTs are securities As per the details from the person familiar with the matter, the SEC is looking into the possibility of whether a few of the NFTs sold by Yuga Labs are similar to securities and whether they should follow similar rules. The SEC is also looking...