French financial institution SG Forge is eligible to issue stablecoins under the MiCA Act

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Cointime2024/07/09 12:55

By:Cointime

Societe Generale - Forge, a subsidiary of French bank Societe Generale, has announced that it has obtained the qualification for stablecoin issuance, and its EURCV stablecoin has met the MiCA regulations that came into effect on June 30. SG Forge obtained the registration of a digital asset service provider (DASP) as early as September 2022, which gives them legal status in digital asset custody, buying and selling of fiat and digital assets, and exchange services between digital assets. In addition, SG Forge has updated its smart contract, making the transfer of EUR CoinVertible (EURCV) stablecoin no longer limited to whitelist addresses.

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