Insurance on Crypto Exchanges Inches Up, KYC Still Weak – Report

Cryptocurrency exchanges are showing an increase in their tendency to insure clients’ assets, both formally and in informal ways through insurance funds, a new report finds. On the other hand, know-your-customer (KYC) stringency is still weak on many exchanges, with around a third having poor or inadequate KYC programs, and a fourth of them were found to send funds to