RATE Group | Relm Launches Insurance Coverage for Cryptocurrency and Cannabis Groups in Tough Regulat…
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Relm Launches Insurance Coverage for Cryptocurrency and Cannabis Groups in Tough Regulat…

04 Mar Relm Launches Insurance Coverage for Cryptocurrency and Cannabis Groups in Tough Regulat…

Posted at 11:00h in Bitcoin News by

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Relm Launches Insurance Coverage for Cryptocurrency and Cannabis Groups in Tough Regulatory Climate

Bermuda-based insurance company Relm has announced an official launch of operations, issuing a press statement March 3, stating the group will “focus on digital asset (cryptocurrency) enterprises and cannabis and hemp related businesses.” The business, owned by Deltec International Group, a Nassau private financial services provider founded in 1959, currently offers five basic products for insuring digital asset and marijuana businesses. With the cannabis and crypto industries often struggling in the current climate to attain favorable treatment from banks and regulators, it seems Relm has its work cut out for it.

Also read: Cannabis Buzz Harshed by Regulations, Cash Shortage While Cryptocurrency Is Ready to Light Up

Underwriting Crypto and Cannabis Companies

In a March 3 press release from London, Relm states they “will service the insurance needs of business sectors which are new to the economy but are likely to become significant economic…

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