The digital asset ecosystem continues its steady march toward regulatory clarity, panelists on a recent webcast hosted by Lockton’s Emerging Asset Protection (LEAP) team said.
In the United States, the regulatory environment is becoming much more certain than it has historically been, as exemplified by the recent passage of the GENIUS Act. The European Union’s Markets in Crypto Asset (MiCA) Regulation has moved from law on paper to live supervision, and the U.K. is continuing its phased approach. And across Asia-Pacific, regulators in a number of countries are clarifying regulations and providing greater certainty for digital asset companies.
With businesses asking many questions about what various regulations mean for them, insurance has become an essential element of risk management strategies. Regulators are also recognizing the value of insurance as both a backstop in the event of major losses and as third-party validation of individual companies’ governance and security processes. Insurance buyers, however, must be careful to not treat insurers and brokers as commodities, as not all can offer the same experience, knowledge, and resources.
Watch a replay of the webcast for more insights.
