Societe Generale Subsidiary Forge Receives France's First Cryptocurrency Services Licence

Forge, the blockchain subsidiary of Société Générale, the third largest bank in France, has become the first organisation to receive cryptocurrency services in France.

According to the news of Cryptoslate, Forge was recorded as the first company to hold France's digital asset service provider (DASP) licence offered by the Autorité des Marchés Financiers (AMF). Jean-Marc Stenger, CEO of Société Générale Forge, said:

"This will allow us to continue to support our corporate clients who want to benefit from digital asset services that meet the highest standards of compliance and banking security."