Who Protects Cryptocurrency Investors?

The Intelligent Insurer #21 — What solutions do cryptocurrency investors have as regulators refrain from providing protection?

Cryptocurrency remains high-risk

Cryptocurrency investment remains a high-risk venture. From a highly volatile market that is yet to fully mature, to developing projects with flaws and bugs that are yet to be fixed, the developing industry exposes participants to widespread risks.

Governments claim lack of jurisdictional power

In the case of Namibia, the warning by its national bank borders outlines the regulatory limits of their power. Since its mandate does not currently cover digital currencies, it lacks the “legal power” to follow up complaints that are crypto-related.

Insured Finance as a crypto-native solution

Cryptocurrency users seeking to protect their digital assets are finding adequate protection in decentralized insurance solutions like Insured Finance. The platform provides tailored insurance policies that protect users from rug pulls, exchange hacks, and stablecoin failures.

About Insured Finance

Insured Finance is a decentralized, peer-to-peer insurance marketplace. Insured Finance users can request customized insurance on a wide variety of digital assets. Those that fulfill requests earn premiums and can earn a competitive return on their capital. Claims are fully collateralized and settled instantly.

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A decentralized P2P insurance marketplace with easy claims and instant payouts. Powered by Polkadot.

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Insured Finance

A decentralized P2P insurance marketplace with easy claims and instant payouts. Powered by Polkadot.