Hong Kong Crypto Exchange Inks MoU for Digital Asset Insurance
In order to secure users’ holdings, HashKey Hong Kong plans to provide insurance coverage for digital assets housed on its platform.
According to a report from Coin Telegraph, this development follows the signing of a memorandum of understanding with fintech company OneDegree.
HashKey, a Hong Kong cryptocurrency exchange, has expanded its insurance policy to cover hot wallets and cold storage addresses, enhancing user security. CEO Xiaoqi Weng emphasized the company’s commitment to improving infrastructure to safeguard digital assets and contribute to Hong Kong’s growing digital asset ecosystem. OneDegree co-founder Yanlin Guo emphasized the need for insurance to identify and mitigate risks in the cryptocurrency world. HashKey became the first cryptocurrency exchange to receive regulatory approval from Hong Kong’s Securities and Futures Commission.
(With inputs from Shikha Singh)
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