Societe Generale’s crypto arm – SG Forge – announced acquiring a regulatory license approval as Digital Asset Service Provider from the French Financial Markets Authority (AMF). With it, SG Forge has become the first company to receive a license from France’s financial regulator as a digital asset provider.
The DASP license represents the highest level of regulatory certification currently possible for digital asset activities. It is important to note that over 80 entities are currently registered with the AMF, including Binance. But none of them have managed to score a full license until SG Forge’s approval.
French DASP License
According to the official press release, SG Forge will be able to serve French customers as a custodian for digital assets, enable the buying and selling of them using legal tender, trade them for other digital assets, and handle third-party orders.
the approval by a major EU national regulator is a huge milestone for SG Forge, especially for the deve
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