The French stock market regulator, the Autorité des Marchés Financiers (AMF), approved France’s Société Générale bank as a digital assets service provider (DASP) on Sept. 27. Société Générale joined international operators such as Voyager, Bitpanda, Binance and Etoro as registered DASPs. The bank did not announce its approval.
Société Générale’s digitally focused Forge subsidiary was registered to provide digital assets custody, the purchase/sale of digital assets for legal tender and the trading of digital assets against other digital assets. The French bank announced in June that it was partnering with Metaco, a digital asset management and infrastructure provider, to develop its digital asset custody operations.
Registration is mandatory for companies to carry out those activities in France. The AMF also provides licensing of DASPs, although none have obtained a license yet.
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