French Banking Giant Sociee Generae’s Crypto Division Receives First License
Forge, the cryptocurrency division of France’s banking giant Sociee Generae, recently received what is being described as the first crypto services license issued under the country’s crypto assets laws. The license allows Forge to offer services such as crypto custody, trading, and sales.
- The license does not subject Forge to the same onerous rules faced by other crypto entities in areas such as corporate governance, information technology, and compliance.
- Forge can now meet the demand from institutional clients for digital assets.
“This step will allow us to continue supporting our institutional clients wishing to benefit from services on digital assets at the highest standards of compliance and banking security,” said Jean-Marc Senger, the CEO of Forge.
Hot Take
With its new license, Forge has gained a significant advantage in the crypto market, positioning itself to meet the growing demand for digital asset services from institutional clients. By not being subjected to the same regulatory burdens as other crypto entities, Forge can offer its services more efficiently and effectively. This move showcases Sociee Generae’s commitment to staying ahead in the crypto space and providing top-notch services to its clients.
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