Cryptocurrency is the modern way of performing secured financial transactions without the knowledge of a third party. This has attracted lots of investors thereby shooting the crypto market into hundreds of billions of dollars worth. The privacy of transactions had attracted lots of vices such as theft of currency through hacking of storage among many others. And as they say, where there is risk, there is insurance. My question is, are the insurance industries World over ready for such a risk? Because the cryptocurrency market is highly volatile which poses a great threat to the insurance of such risks involved in cryptocurrency investment
