Falling cryptocurrencies (bitcoins, dogecoins, shiba coins, binance coins and other)  Credit: Igor Faun/Shutterstock.com Companies and investors need a clear explanation of what they do in the cryptocurrency market, how they operate, and how they make money. They need to explain their specific crypto involvement and insurance needs. And they need to detail their operational procedures to lower risk, and the measures they’re taking to prevent cybercrime. (Credit: Credit: Igor Faun/Shutterstock.com)

While businesses and investors jump headfirst into cryptocurrency, insuring the risks involved is no simple task. Unfortunately, players in the market — whether they are banks, investors or other entities in the crypto business — are discovering that finding insurance isn’t easy.

Why is it so difficult to obtain coverage? There are several reasons:

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