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Essential Corporate News: Week ending December 3, 2021
On November 26, 2021 the Financial Conduct Authority (FCA) published Policy Statement PS21/16, summarising feedback to a Consultation Paper (CP21/25) it published in July 2021
A global legal and regulatory guide to cryptocurrencies - Chapter 2
Global | Publication | June 2015
Norton Rose Fulbright’s global blockchain and cryptocurrency team has produced a global legal and regulatory guide to cryptocurrencies.
The guide is issued in a series of chapters, published monthly.
Chapter 2: Insuring cryptocurrency risks
As bitcoin and other virtual currencies become better established, so it is likely that demand for insurance to protect against the particular risks associated with them will increase. Even as matters stand, it would appear that a nascent bitcoin insurance market is beginning to emerge.
If cryptocurrencies do become more prevalent over time, the insurance industry will be looking carefully at the risks which it is able to insure and on what terms. In this chapter, we seek to identify and discuss some of the issues we believe may come into focus, as insurers start to undertake this exercise.
Other chapters in the series:
- Introduction to cryptocurrencies
- The legal nature of cryptocurrency
- Cryptocurrency litigation risks
- Taking security over cryptocurrency
- Regulation of cryptocurrencies
If you would like to discuss any aspect of this topic further, please get in touch.
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