Algorithmic Ratings & Investment Analysis
©ARIA 2025
by aria-crypto.com
April 16, 2025 at 07:59
UAE Central Bank Approves Bitcoin Insurance Solutions to Support Emerging Markets
The United Arab Emirates Central Bank has recently granted approval for innovative Web3 insurance solutions created by Relm Insurance and Liva Insurance.
These solutions, known as SIGMAWEB3 and SIGMAWEB3 VARA, are designed to address the unique risks faced by businesses involved in digital assets, blockchain, and fintech within the UAE.
This regulatory endorsement highlights the UAE's commitment to nurturing innovation in emerging technologies and establishes a strategic alliance between Relm Insurance and Liva Insurance, solidified in February 2025.
According to Joseph Ziolkowski, CEO of Relm Insurance, this approval marks a significant advancement for brokers and clients engaged in the Web3 space.
He emphasized that it enables more comprehensive coverage tailored specifically for the sector's needs, fostering confidence among businesses to innovate in a fast-changing environment.
Martin Rueegg, Group CEO of Liva Group, also praised this collaborative achievement, stating it helps meet customer needs while supporting long-term business growth.
The Central Bank's approval of these insurance products reflects a growing regulatory cognizance of the Web3 sector's distinct requirements.
It also positions the UAE as a progressive region focused on providing a conducive environment for the development of digital asset businesses.
By bridging the insurance gap, these solutions empower organizations to operate with enhanced security, ultimately driving the adoption of Bitcoin and other cryptocurrencies in the region.
This forward-thinking approach solidifies the UAE's status as a leader in the global crypto landscape.
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