Bitcoin theft insurance becomes growing product worldwide

bitcoin theft insurance cryptocurrency

Major insurers worldwide are offering policies to help investors protect against cryptocurrency heists. Bitcoin theft insurance is becoming a growing business as global insurers offer cryptocurrency investors and business coverage against theft. Providers are taking on a number of different challenges as traders pour billions into buying and selling these barely regulated and highly volatile digital currencies. At the moment, only a handful of insurers are selling the policies, but many more are coming soon. Among the Bitcoin theft insurance companies currently selling include Chubb, XL Catlin, and Mitsui Sumitomo…

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Bitcoin insurance arrives at Mitsui Sumitomo

bitcoin insurance cryptocurrency

The Japanese insurer has announced a new product line providing coverage for domestic cryptocurrency. Mitsui Sumitomo, an insurer from Japan, has announced the launch of a line of Bitcoin insurance products. The goal is to provide coverage for the domestic cryptocurrency market. These types of digital currency are providing new opportunities for markets and conventional businesses in the country. The insurance industry has been seeing a considerable boost in demand as a result of Bitcoin-like currencies. Mitsui Sumitomo clearly intends to ensure it will not miss opportunities in these areas.…

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