Foresight News reports that, according to CoinDesk, Tabit Insurance, regulated in Barbados, has raised $40 million in insurance funds, all backed by Bitcoin. The insurance company was established by former executives of the now-closed cryptocurrency exchange Bittrex, and plans to offer directors and officers (D&O) liability insurance supported by Bitcoin and priced in US dollars. Tabit holds a Class II insurance license issued by the Barbados Financial Services Commission.
Tabit Insurance, an insurance company founded by former Bittrex executives, has raised $40 million in insurance funds
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