Bitcoin Forum

Australian Decentralized Capital Collaboration to Provide CryptoCurrency Services:
This is an Australian consulting firm "specializing in blockchain property" and "asset management services"
They will work with Custodian Vaults, a private Australian company.
It has been advised that the Group has been decentralized and that the supervisory banks are cooperating to provide covered cryptocurrency monitoring services as described as Australia's first cryptocurrency insurance.
Do you feel that cryptocurrency investors are in need of a larger array of monitoring services to secure their assets? Please share your opinion!

There are already more places to accept cryptocurrencies. This is a particularly good news. It will replace cash, let us use more aspects, let the world accept cryptocurrency, this is the general trend.

     Another good news for cryptocurrency since this is the first country have offers an insurance for crypto, so this will attract more people will use cryptocurrency like bitcoin and different altcoins , but I think this is a development of country having a legislation of cryptocurrency , because it could be very difficult to have an insurance if there is no rules and regulations about crypto .

Not entirely it will replace cash but it will get more attention and interesting people to dive in to cryptocurrency.
This is a very good news, last time we have heard about the news of an airport adopting cryptocurrency there and now this.
Australia is going to be one of the most crypto friendly countries ever.

Great news indeed! I think some people are hesitant about crypto because of its lack of regulation and security measures. I think having these companies focusing on protecting our assets is a great way for others to feel more confident in investing and using crypto. And coming from a developed country such as Australia, I think people will learn to trust in crypto more and hopefully see that it’s not going anywhere, and now’s the time study it, learn it and use it.

I think encryption monetary market of insurance is critical, because if you're a beginner, so the possibility of digital assets stolen is very high, and buy a insurance can avoid these problems，Insurance companies, however, are likely to pay a lot of people every year. ::) ::)

Its a big yes,that cryptocurrency investor are in need of a large array of monitoring services to secure their assets,because its so big important to protect your asset and liabilities,because of so many hacking or scamming  going inside to cryptocurrency world now ,thats why monitoring services is a big important and why this crypto insurance are been created as first insurance in australia and hoping thats soon will be implemented throughout globally.

i would love to know more about this and how it could work. Do you have a link or something to get extra info. Always exciting seeing an Australian venture taking off..the land down under has always been innovative and quick to adopt new technologies.

Good day. Talking about Insurance, I'm part of this ICO which they consider to be the first Blockchain based insurance company. The KNOX project will be the first insurance company that merges the real world with the digital one using Blockchain technology, creating the most efficient and advanced structure in the sector, to find a solution to the problem of certification and anti-forgery of insurance policies. You can check my signature for more info. Thanks!
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that's a good idea, so investors feel safer to invest in cryptocurrency. we know that investing cryptocurrency has a big risk. if we are not careful then it will be fatal. with the presence of this monitoring service I hope cryptocurrency will be more developed and safe in the future.

Awesome! I'm getting up everyday thinking what else great news I will hear today, because cryptocurrency is making me joyful daily, by reading this artices from all around the world accepting cryptocurrencies.

Australia is the first country to offer insurance for cryptocurrency so this is a great news. Investors will feel safer to invest in crypto now more than ever.

Actually This is really good news for crypto world based on thi crypto market need this types of news also Insurance company always carry avoidable loss based on this insurance company don't apply here but for this news make us happy because many of them can invest freely now.

This news really matters a lot for the crypto investors. Hopefully it will bring some potential investors around the world to invest in australian crypto currency. After all, coverance by insurance will drastically boom, I think.

I think it is a very good news for the crypto industry. Another big achievement of decentralized cryptocurrency but yet is is very difficult to maintain insurance for cryptocurrency i guess but other countries should follow Australia for this amazing step.

ok, why not? I think it is good. This will help investors reduce risk. Anything that helps keep your property safe is a must

This news is really a hope to the investors that cryptocurrency will be the one currency in the world. Now the crypto is getting insured by the insurance company in Australia and soon this will be a trend in other countries also. I think that they should form good policy now for this.

Another one portion of great news from blockchain related stuff acceptance, I am looking forward when I would see the topic right here on the forum which would claim that bitcoin is accepted in 100% of countries in the world.

It is a good news I think. It is really great that crypto has reached such position and it has insurance now. I hope such deals will be developing and crypto will has become a part of everybody's life.

This is indeed a great news in the crypto community where in a country like Australia has started to make a cryptocurrency insurance system that will cover the crypto investment of the investors. With this, people may no longer be afraid and doubt on their crypto investment because these investors find their investment more secured this time.

i wonder how something like that is going to work in this market?
nothing about altcoins is insurable!
the price is super volatile and manipulated so you can never have a clear outlook of what might happen.
the wallets are not tested and they have bugs which may lead to money losses and already we have had millions lost due to these bugs even in big altcoins like etehreum
the exchanges are unsafe, shady and they keep getting hacked or run away and people lose a lot of money every month or so.

so what part of this is going to be insured by these companies?

Yup we need this monitoring services because were dealing about our money here and we must be secured since its not just a small amount that were talking here

I love the idea that Australian governments are into this deep,and hope that many countries will follow this actions

On the one hand, this is good, because the world will accept cryptocurrencies faster. On the other hand, the more coins, the less their value. Not all coins can withstand competition in the market.

This is really good initiative also good news for investors also people will feel safe to invest here and people will more invest their money in market now and people of Australia get more benefits and if it available in many countries then it will be great.

The security system of cryptocurrencies has always been a bit risky and it's always better to secure the system even more. And the users have to risk with their assets without any backup, and so of course there's a need of insurance like any other currencies.I think the cryptocurrency is gradually becoming the general trend.

that's good I like the concept In my opinion it's good This seems to attract investors to invest. This can help many people in the cryptocurrency world to secure their accounts.

You are right,
now it's starting to happen, many new coins don't last long.
only a few months have good value, even some coins only last for a few weeks.
and worse, some survive only a matter of hours, because they are not strong against market competition.

This one will change the way of crypto's development in the better way so I think it will become the step to the crypto spreading all over the world.

it’s such a great news of cryptocurrency. I am really getting hilarious when hearing that Australian airport becomes the first accept  bitcoin. It gives all of bitcoin users a good chance using bitcoin easily and convenient way. I believe that the tourism of Australia will have a dramatic rise from this news. especially, this is also a pretty good news for bitcoin, which paves the way for a bright future of cryptocurrency. Besides, it attract some other countries have a positive thought about crypto field and then accepting cryptocurrency widely.

Creating of insurance is really great idea at all. I am sure that it will be the next step to make people trusting and to join to the crypto thanks to the lower risk. I am going to check it one more time because the news is very nice to see here.

Appreciate the existence of this Cryptocurrency guarantee. But I think this will be one of my favorite projects based on unique ideas. At present, cryptocurrency assets are not so safe and easy to break into. Hackers and prices go up and down to the news of the routine every day now. So, people look for security for their coins. So, I hope this cryptocurrency insurance service project will give us the best solution for the security of their coins as well.

Very good if a well-known company starts developing its financial system with cryptocurrency.
With the simple blockchain created to detect every step of the transaction, the results will be better in the future.

ref: https://www.custodianvaults.com.au/

wow, this is a new business market. It is really a new business and can bring a lot of profits. But the risk is very high, if they do not have good security layers, they will easily be attacked and lose all the assets of the people who send it. I highly appreciate this new profession.

In my opinion, the assurance for the cryptocurrency market is very necessary for traditional investors. To avoid scammers on the crypto, the purchase of insurance can avoid this problem and risk the market when the market drops.

With the growth of trust on cryptocurrency it will open a big path for further development on many other cryptocurrency project.
Especially when the cryptocurrency also legally accepted by any regulation.

This method is probably also a very good and new form in the crypto market. And i think that monetary insurance will take many forms and possibly insurance transactions between parties will develop in the future. Anyway, i appreciate that this form will affect many countries in the world.

Of course, such services are necessary. especially now when a large mass of the world's population either does not know or does not trust cryptocurrencies.

Australia is generally one of the few countries in the world where cryptocurrency strongly supports the government of the country. Today, there you can buy cryptocurrency literally in newsstands thanks to the implemented system of the Bitcoin platform.com.au. There are several projects supported by the state, including the giant in the energy sector - Power Ledger. Next year, it is planned to expand the services and methods of using cryptocurrency in Australia and this is undoubtedly a big plus for both investors and ordinary citizens.

I am not trying to offend anyone, but Australia does not seem to be big market, but still it is great news for the whole community. Looking forward for new projects.

austarlia is a country of my dream and i am so happy thatbits citizejs can now get the servise better that many other cohntries

Of coure I would like to insure all my investments, especially now, when the market is unstable and teams usually give up their projects and run away with money.

Why not? Everyday there are newcoins showed up on the market and new option are making good and healthy competition among coins

There are tons of great projects in Australia, but all them expirience great issues when it comes time to capture other parts of the world. It is great problem.

If I am a big investor in crypto is indeed a need of service monitoring to secure my assets because I am sure of it that my asset is fully secure and protected. I can sleep well and no worries about my asset because of the services they had.

I hope that some day such solution will be available worldwide. Can somebody give me link to the portal, where I can find out more about this project?

good idea and application, only most countries prohibit or legalize digital currencies in each country because of price instability, but on the other hand we see from the use of unconventional blockhain technology to become new investment shutter and new currency style