Require organisations providing Cryptocurrency services to hold insurance

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Petition Action

Require organisations providing Cryptocurrency services to hold insurance

Petition Details

Require cryptocurrency exchanges to hold insurance to cover victims of fraud and theft against massive financial losses through no fault of their own

Additional Information

Victims of fraud and identity theft where money is transferred via Cryptocurrency often find they are unable to recover any lost funds due to the irreversible nature of the transactions

Often people who fall short of these circumstances are older and/or retired and could lose their life savings to criminals

I would like the government to put into legislation a requirement for Cryptocurrency Exchanges to hold insurance cover to protect victims of these scams

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