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Binance withdraws application for crypto license in Germany
German regulators had told Binance they would not grant it a crypto custody license, Reuters reported last month. "Binance still intends to apply for appropriate licensing in Germany, but it is essential that our submission accurately reflects these changes," the spokesperson added. The BaFin application withdrawal was first reported by CoinDesk.
2023-07-26- Germany application BaFin financial regulator crypto custody
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
Ripple to Buy Crypto Custody Provider Metaco for $250 Million
Blockchain company Ripple agreed to buy Swiss-based crypto custody provider Metaco in a cash-and-stock deal valued at $250 million. The deal allows Ripple—which markets itself as a payments-focused crypto firm—to expand into the institutional [crypto custody](https://www.wsj.com/articles/heres-what-crypto-custody-is-and-how-the-sec-wants-to-change-it-103225c4) market. Lausanne, Switzerland-based Metaco employs about 100 people and on its website counts traditional banks including Citi and BNP
- 2023-05-17
- Brad Garlinghouse crypto custody Metaco Chris Larsen
