Societe Generale obtains France's first crypto licence

French bank Societe Generale has become the first company in France to obtain a license for crypto services, as a growing number of mainstream financial companies embrace crypto globally this year. Societe Generale's crypto unit, Forge, is licensed as of Tuesday to offer services, including crypto custody, trading and sales, according to the website of France's AMF market regulator. The news was first reported by crypto outlet CoinDesk.

• 2023-07-19
• Societe Generale France crypto custody

Crypto Exchange Binance Probed by France for Alleged Illegal Practices

(Bloomberg) -- Binance, the world’s largest cryptocurrency exchange, is under investigation by French authorities for the alleged illegal provision of digital-asset services and acts of aggravated money laundering, according to an official for the Paris public prosecutor’s office.Most Read from BloombergA Goldman Partner’s Sexually Explicit Video Led to Millions in SettlementAfrica’s Richest City Is Crumbling Under Chaos and CorruptionSocial Security Benefits Targeted for Cuts by House Conservat

• 2023-06-16
• Bloomberg French authorities France US Securities and Exchange Commission Paris

'At Least We Are Regulating,' Says President of Ethereum France on EU Crypto Rules

The Ethereum France President also said that the incoming MiCA regulations are "very close to the test framework" that exists in France.

• 2023-06-06
• regulatory framework France PSAN digital asset crypto regulation DASP regulatory regime French Financial Markets Authority

Crypto Exchange OKX Targets France as Regional Hub With Plan to Hire 100 People

OKX has applied for a Digital Asset Service Provider license to join dozens of companies that have already won approval.

• 2023-05-23
• Financial Markets Authority France regulatory approval Digital Asset Service Provider European Union Tim Byun physical presence regional hub

Europe a 'Significant Beneficiary' of US Crypto Regulatory Confusion: Ripple CEO

With regulators stateside still scrambling to rein in the industry, rule makers in Europe, notably in France, are extending invitations.

• 2023-05-18
• regulatory framework French authorities crypto rules American companies crypto regulations European market international companies France Metz France American firms Brad Garlinghouse Brian Armstrong Crypto Assets

Circle Picks Crypto-Friendly France for European Headquarters

(Bloomberg) -- Stablecoin giant Circle Internet Financial Ltd. is planning to locate its European headquarters in Paris, citing the crypto-friendly climate created by President Emmanuel Macron’s government as instrumental to the decision.Most Read from BloombergUBS to Buy Credit Suisse in $3.3 Billion Deal to End CrisisCredit Suisse’s Fate Was Sealed by Regulators Days Before UBS DealMorgan Stanley Strategist Says Bank Stress Signals Bear Market EndUS Studies Ways to Guarantee All Bank Deposits

• 2023-03-21
• Jeremy Allaire Bloomberg European Union European headquarters Paris France digital assets

Axa Investment registers as crypto service provider in France

Apart from the French investment firm, Binance, Bitstamp, and Societe Generale have received such nods in the country. The move comes after the European Union (EU) deemed last year that cryptocurrency companies will need a license and customer safeguards to issue and sell digital tokens in the EU.

• 2023-03-08
• Axa Investment Managers service disruption service provider regulatory approvals financial firms France service Societe Generale European Union