Societe Generale's Crypto Division Forge Secures Registration With French Regulator

The French banking giant's crypto subsidiary is registered to offer buying, selling, trading and custody of digital assets as of Sept. 27.

AccessTimeIconOct 17, 2022 at 10:56 a.m. UTC
Updated Oct 17, 2022 at 1:38 p.m. UTC

Jamie Crawley is a CoinDesk news reporter based in London.

Societe Generale's crypto division SG Forge has won registration from France's Autorité des Marchés Financiers (AMF) for cryptocurrency custody and trading services.

The French banking giant's crypto subsidiary is registered to offer buying, selling, trading and custody of digital assets as of Sept. 27, according to AMF's website.

A number of crypto firms have won digital asset service provider registration in France in recent months, including prominent exchanges Binance, Crypto.com and Luno.

That the subsidiary of one of the country's largest financial institutions gained regulatory approval further highlights the momentum gathering behind mainstream acceptance of digital assets in France.

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Jamie Crawley is a CoinDesk news reporter based in London.

CoinDesk - Unknown

Jamie Crawley is a CoinDesk news reporter based in London.