Societe Generale has reportedly become the first company in France to secure a licence for cryptocurrency services, reflecting a growing trend of mainstream financial firms adopting crypto this year. The French bank’s crypto division, Forge, has been authorised to provide services such as crypto custody, trading and sales, as revealed by France’s market regulator AMF. Although some crypto firms like Binance have already registered with the regulator, licensed institutions are subject to more stringent regulations in areas such as IT, corporate governance, and compliance.