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International

BitGo, Lloyd's to provide $100-million crypto insurance

February 20, 2019 Reprints

U.S.-based cryptocurrency services firm BitGo Inc. and Lloyd's of London are offering a $100-million insurance policy to protect BitGo's digital assets against theft or loss of cryptographic keys, Coin Desk reported. U.K.-based AmTrust at Lloyd's Ltd. will underwrite the insurance policy to cover assets held in business wallets against third-party hacks or data breaches, insider theft and physical loss or damage of private keys.

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BitGo, Lloyd's to provide $100-million crypto insurance

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