News Snapshot:
There are a few virtual insurance service providers in Hong Kong, one of which, Onedegree, will currently present to $100 million in guarantees to Hkbitex, a crypto trading platform operating on a worldwide financial hub. The two organizations worked together to ensure clients’ digital currencies shared with the trade from robbery and hacking. Publications refering to industry sources gauge accessible inclusion at under $1 billion for every exchange. At the identical time, “less than 1 per cent of the companies that are interested in buying cryptocurrency insurance policies would be eligible for such coverage,” Becky Tam, Onedegree’s chief danger officer,...
