Societe Generale-Forge, a subsidiary of Societe Generale, has announced that it has been eligible for stablecoin issuance, and its EURCV stablecoin has been compliant with MiCA regulations that came into effect on June 30. SG Forge was registered as a Digital Asset Service Provider (DASP) back in September 2022, which gives them a legal status in terms of digital asset custody, buying and selling of fiat currencies and digital assets, and exchange services between digital assets.
In addition, SG Forge has updated its smart contracts so that the transfer of EUR CoinVertible (EURCV) stablecoins is no longer limited to whitelisted addresses.
French Financial Institution Group SG Forges Qualified to Issue Stablecoins Under the MiCA Act
2024-07-09 12:32:36
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