Tabit Insurance, founded by former Bittrex executives, raises $40 million in insurance funds, all backed by Bitcoin

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PANews
03-24
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PANews reported on March 24 that according to CoinDesk, Tabit Insurance, an insurance company regulated in Barbados, has raised $40 million in insurance funds, all supported by Bit, to conduct traditional insurance and reinsurance business. The insurance company was established by former executives of the now-closed crypto exchange Bittrex, and plans to offer directors and officers (D&O) liability insurance supported by Bit and priced in USD. The insurance company was established in January this year and holds a Class II insurance license issued by the Barbados Financial Services Commission.

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