MoonlitCharm
Sun Jul 28 2024
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5 answers
1180
Who insures cryptocurrency?
Cryptocurrency is a decentralized digital asset that operates on a blockchain network. Unlike traditional financial assets, it doesn't have a central authority or governing body that oversees its transactions. This raises the question: who insures cryptocurrency against loss or theft? Since cryptocurrency transactions are irreversible and not protected by the same consumer protections as traditional banking, many investors are left wondering if their digital assets are safe. Is there a way to insure cryptocurrency, or are investors simply taking a risk by investing in this emerging asset class?
