Re:Bitcoin Exchange Receives First License in New York State
by derefr on Thursday May 07, 2015 @08:56PM
(#9509430)
I think the question was more, with whom does one ensure Bitcoins? Has any insurance provider stepped up and said that they have a solid-enough picture of Bitcoin's risks to know what premium to charge?
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Re:Bitcoin Exchange Receives First License in New York State
by pash on Thursday May 07, 2015 @10:46PM
(#9509731)
Many of the big web-wallet providers, exchanges, and other custodians insure their customers' Bitcoin holdings against theft. Their insurers include Aon (who insure Coinbase), Lloyd's (Elliptic), Marsh (Circle), and XL Catlin (BitGo).
Re:Bitcoin Exchange Receives First License in New York State
by reviseddamage on Friday May 08, 2015 @02:36AM
(#9510279)
No, really my question was how can an insurer underwrite bitcoin holdings reasonably without being supremely unprofitable?
What standards of bitcoin security will the underwriter be evaluating against?