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Societe Generale, more commonly referred to as SocGen, has become the first company to receive a crypto license in France. The FinServ company’s crypto division, SG Forge, got multiple services licensed on July 18. France’s financial market regulator, Autorité des Marchés Financiers, has officially green-flagged the company to provide digital asset custody services. SG Forge is now also licensed to foster the buying-selling of crypto and other digital assets. Parallelly, it is also eligible to “receipt and transmission” third-party crypto orders. #societegenerale #france #cryptocurrency #licensed #cryptoonindia
Societe Generale, more commonly referred to as SocGen, has become the first company to receive a crypto license in France.

The FinServ company’s crypto division, SG Forge, got multiple services licensed on July 18.

France’s financial market regulator, Autorité des Marchés Financiers, has officially green-flagged the company to provide digital asset custody services.

SG Forge is now also licensed to foster the buying-selling of crypto and other digital assets. Parallelly, it is also eligible to “receipt and transmission” third-party crypto orders.

#societegenerale #france #cryptocurrency #licensed #cryptoonindia
Binance is under preliminary investigation for illegal canvassing of clients and money-laundering, the Paris prosecutor's office said on Friday, the latest in a series of setbacks for the world's largest crypto exchange. The investigation is about "the unauthorised practice of the profession of virtual assets service provider" and "aggravated money-laundering," the prosecutor's office said in a statement. A Binance spokesperson said Binance had an "on-site visit last week by the relevant authorities" in France. The exchange "was fully collaborative and we met our obligations accordingly," they said. #Binance #france #investigation #cryptocurrency #cryptoonindia
Binance is under preliminary investigation for illegal canvassing of clients and money-laundering, the Paris prosecutor's office said on Friday, the latest in a series of setbacks for the world's largest crypto exchange.

The investigation is about "the unauthorised practice of the profession of virtual assets service provider" and "aggravated money-laundering," the prosecutor's office said in a statement.

A Binance spokesperson said Binance had an "on-site visit last week by the relevant authorities" in France. The exchange "was fully collaborative and we met our obligations accordingly," they said.

#Binance #france #investigation #cryptocurrency #cryptoonindia
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