Bitcoin.com News
Bitcoin.com News|Jan 29, 2025 08:32
Big news from Gallagher! 🇦🇺 They've launched Gallagher Crypto-Pro, a specialized insurance product for Australian companies managing digital assets. This innovative solution helps fintechs comply with new licensing requirements! 💼✨ According to Insurance Business Magazine, companies must show they can compensate retail clients under the Corporations Act 2001. Gallagher emphasizes that this coverage is essential for avoiding regulatory pitfalls. ⚖️ The product covers civil liability linked to digital asset investments, crime insurance for breaches, and access to recovery specialists. Plus, it offers full-limit mitigation cost coverage for asset-related incidents! But Gallagher warns that crypto companies targeting the global market need more than just basic insurance. "Comprehensive coverage and expert advice are critical for growth and innovation in the digital asset space," they advise. What specific risks do you think fintechs should prepare for? Share your thoughts!
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