Bitcoin exchanges and users can now get insured in Japan

Japanese Bitcoin exchanges and their customers will soon be insured for the first time thanks to a product launched by Tokyo-based insurance firm Mitsui Sumitomo Insurance.

As reported by the regional publication Nikkei, coverage will be offered against damages and losses borne out of breaches or hacks, ranging from ¥10m to ¥1bn (between $88,000 and $8.8m approximately). Read more: www.cryptocoinsnews.com