Insurance Regulation

EU Tries to Catch Up On Crypto Money Laundering

The European Commission has presented an ambitious package of legislative proposals to strengthen the EU’s anti-money laundering and countering terrorism financing (AML/CFT) rules. The package also includes the proposal for the creation of a new […]

Insurance Brokers

Bitstamp Increases Crypto Insurance Limits With Paragon

Bitstamp, the world’s longest-running crypto exchange, today announced it has substantially increased its insurance policy limits of indemnity in partnership with Paragon Brokers, a specialist insurance broker. This will significantly expand protection for the company’s […]

Insurance Regulation

FCA Sets Up Temporary Cryptoasset Registration

The Financial Conduct Authority (FCA) has established a Temporary Registration Regime to allow existing cryptoasset firms, who have applied to be registered with the FCA, to continue trading. The FCA is advising customers of cryptoasset […]

Global insurance trends

Marsh & McLennan Strikes Deal With Bitcoin Latinum

Insurers are moving into the Bitcoin/Cryptocurrency market, as buyers want insurance if things go pear shaped. Here’s some news from the USA; Bitcoin Latinum, the next-generation Bitcoin fork capable of massive transaction volume, digital asset […]

Insurance Regulation

FCA Bans Cryptoassets ETNs Sale To Public

The FCA has published final rules banning the sale of derivatives and exchange traded notes (ETNs) that reference certain types of cryptoassets to retail consumers. The FCA considers these products to be ill-suited for retail […]

InsureTech

As Demand For Bitcoin Increases, The Need For Insurance Grows

Year to date, the value of Bitcoin has increased by around 64% and one Bitcoin is now worth around $11,500, and new research reveals institutional investors expect further rises in the valuation of the cryptocurrency this year. Evertas, the […]

Opinion

Opinion; Covid-19 & Bitcoin Interest Means Increasing Cyber Risk

Insurance Edge spotted this blog post authored by Joanne Cracknell at Willis Towers Watson. We thought it was worth sharing because there are lots of people right now in the UK, currently flush with furlough […]