SCGLY Societe Generale (PK)

By Pierre Bertrand

Societe Generale-Forge, a subsidiary of the French bank Societe Generale, said on Wednesday that it obtained a license to provide cryptocurrency-asset services in France.

SG-Forge, which specializes in crypto-asset activities, said the approval by the country's AMF market regulator was the highest regulatory certification currently possible for digital-asset activities. It is now licensed for services including the trading, selling and purchasing of digital assets and the custody of digital assets, according to the regulator's website.

SG-Forge said the approval comes as it anticipates the implementation of the European MiCA regulation, which aims to regulate and secure the crypto-asset market at European Union level, by 2024.

Write to Pierre Bertrand at pierre.bertrand@wsj.com

(END) Dow Jones Newswires

July 19, 2023 10:50 ET (14:50 GMT)

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