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CNA Insurance excludes NFTs from coverage of $20M trust policy

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CNA Financial, the seventh-largest commercial insurer in the United States, has excluded nonfungible tokens (NFTs) coverage from Schwab Strategic Trust’s policy worth $20 million.In a filing submitted to the US Securities and Exchange Commission (SEC), the insurer attached an exclusion to the document, mentioning that the bond does not cover

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Taiwan Crypto Watchdog to Issue 10 Guiding Principles ft AML and Global Rules, for Virtual Assets in September: CNA

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The East Asian country will set guidelines to ensure that crypto businesses establish review mechanisms, keep customers payments separate from their own tokens and comply with anti-money laundering laws (AML). It also plans to set out that unregistered overseas firms should not solicit business in the country. Original Source

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