Global Insurers Are Starting to Provide Protection Against Cryptocurrency Theft

Major global insurers are beginning to offer protection against cryptocurrency theft marking a significant step for the recognition of the nascent industry.

At present only insurers such as XL Catlin, Chubb, and Mitsui Sumitomo Insurance offer protection; however, others have highlighted that they are considering theft coverage for companies that deal with digital currencies, reports Reuters. Notably, the emergency of an insurance market for the cryptocurrency sector signals an important...

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