We all know that banks make it difficult for blockchain businesses by denying them access to conventional banking services and accounts. Well now, it seems insurance firms are throwing a spanner in the works for cryptocurrency mining businesses in Africa. Old Mutual Insure, a pan-African insurance firm, is opting out of insuring the computer equipment used by cryptocurrency mining firms, a local news outlet reports. The insurance firm has taken the decision to refuse insurance, citing the unregulated nature of the industry, and that cryptocurrency is often associated with cybercrime as the main reasons. What’s more, as cryptocurrency mining farms…

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African insurer won’t work with ‘high-risk’ cryptocurrency mining businsesses
Source: The Next Web