Cryptocurrency Insurance Is Going To Be A Necessity

Have you ever thought about cryptocurrency insurance, does it apply to you?

The insurance industry has a lot to gain from the cryptocurrency economy, so you know they want in on it. Luckily to the consumer’s benefit, this might actually be something useful. A handful of insurance agencies have already starting adopting cryptocurrency plans, agencies such as XL Catlin, Great American Insurance Group, Chubb, Mitsui Sumitomo Insurance, and Line which is a messaging app that is soon to feature loans and insurance policies, along with transacting crypto.

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Some Countries Are Embracing Cryptocurrency

Which countries are accepting and embracing cryptocurrency?

Today the cryptocurrency industry faces some pretty serious regulatory issues. Fundamentally cryptocurrency is supposed to have decentralized power and authority, so the model from the floor up is going to take some work in order for global adoption to take place. Regulations to protect the consumer/user is warranted, but it gets messy when we start talking taxes.

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Blockchain vs. Distributed Ledger Technology

Why does blockchain differ from distributed ledger technology?

Blockchain technology and distributed ledger technology are indeed different, and the two terms will be brought up together more often as time goes on. The terms are not interchangeable and there are some fundamental differences that separate the two.

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