In November the Securities and Futures Commission set an insurance requirement as one of the terms and conditions to be imposed on licensed exchanges under its framework for virtual assets. Photo: Reuters

In Hong Kong, search for ‘cyber theft’ insurance stumps aspiring cryptocurrency exchanges

  • For cryptocurrency exchanges and custodians, complying with Hong Kong’s new rule on insurance is a costly challenge
  • Few speciality insurers willing to underwrite against theft and hacking due to high risks
Topic |   Digital currencies

TOP PICKS

In November the Securities and Futures Commission set an insurance requirement as one of the terms and conditions to be imposed on licensed exchanges under its framework for virtual assets. Photo: Reuters
READ FULL ARTICLE