According to Mars Finance, insurance provider OneDegree and Dubai Insurance Company of the UAE jointly announced that they have begun to provide digital asset custody risk insurance to UAE customers. The two companies have jointly launched a product called "OneInfinity" and have been approved by the Central Bank of the UAE. Custody risk insurance is part of the risk management strategy of custodians, exchanges and other digital asset service providers. According to OneDegree, many regulators around the world require the provision of this product to provide protection for consumers. (Cointelegraph)
UAE Central Bank approves digital asset custody risk insurance product
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