“Knox got some comprehensive insurance policies that hadn’t been seen elsewhere, but the qualified custody bit eluded us, and it’s a fairly gargantuan task to get that,” Daskalov said. “So, from our perspective, it was ‘let’s focus on technology’ rather than acquiring a regulated designation, and so we are now joining forces and setting up an insured qualified custodian.”
Related posts
-
Latam Insights: El Salvador’s IMF Bitcoin-Braking Deal and Argentina’s Cyberspace Crypto Patrol
Welcome to Latam Insights, a compendium of the most relevant crypto and economic news from Latin... -
Binance Founder CZ Warns: Receiving Crypto This Way Could Instantly Empty Your Wallet
Crypto owners risk losing everything by accepting assets via... -
‘$600M Would Buy a Lot of Bitcoin’: Microstrategy Boss Steers Bezos Wedding Drama Toward Crypto
Michael Saylor, co-founder and executive chairman of Microstrategy, brought bitcoin into the spotlight during an online...