RATE Group | Gemini Launches Captive Insurance Company + More News
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Gemini Launches Captive Insurance Company + More News

16 Jan Gemini Launches Captive Insurance Company + More News

Posted at 15:33h in Cryptocurrency News by

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Gemini Launches Captive Insurance Company + More News 101
Source: iStock/PhotographyFirm

Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

Exchanges news

  • Gemini Trust Company, a cryptocurrency exchange and custodian, said it launched Nakamoto, Ltd., a captive insurance company licensed by the Bermuda Monetary Authority (BMA) to insure Gemini Custody. Nakamoto allows Gemini Custody to increase its insurance capacity beyond the coverage currently available in the commercial insurance market, the company said. This insurance solution gives Gemini Custody USD 200 million in insurance coverage — “the largest limit of insurance coverage purchased by any crypto custodian in the world.”
  • Binance may take a pause in Japan. The notice says that Binance.com will be phasing out the provision of services to Japanese residents and will gradually restrict transactions for them. All services are still available and no restrictions…

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