PANews reported on March 24 that according to CoinDesk, Tabit Insurance, a Barbados-regulated insurance company, has raised $40 million in insurance funds, all backed by Bitcoin, to carry out traditional insurance and reinsurance business. The insurance company was founded by former executives of the now-closed cryptocurrency exchange Bittrex and plans to provide company directors and officers liability insurance (D&O) backed by Bitcoin and priced in US dollars. The insurance company was established in January this year and has a Class II insurance license issued by the Barbados Financial Services Commission.
Tabit Insurance, founded by former Bittrex executives, raises $40 million in insurance funds, all backed by Bitcoin
Comment
关注PANews官方账号，一起穿越牛熊
- @PANewsCN
- Telegram资讯频道
- Telegram交流群
- PANews微信群
添加好友，备注「交流」进群
Recommend Reading
2025-03-30Corn Lianchuang: Bitcoin's scarcity is not protected by code, but by people
CryptoQuant analyst: About 8,000 bitcoins that have been dormant for 5 to 7 years have been transferred recently
The total number of users of South Korea’s top five crypto exchanges reached 16.29 million, accounting for 32% of the total population
El Salvador has increased its holdings by 8 bitcoins in the past 7 days, bringing its total holdings to 6,131.18 bitcoins
Bloomberg: FTX will begin paying bankruptcy claims from major creditors on May 30
Cryptocurrency daily trading volume fell 70% from a peak of $126 billion during the US election to $35 billion
