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Old Mutual walks away from insuring crypto equipment

With continued uncertainty and risk, the insurer warns users that crypto equipment does not fall under household item cover.

Old Mutual on Monday said it would not insure computer equipment used for the purposes of mining cryptocurrency, as the area is risky and difficult to quantify. Christelle Colman, an insurance expert at Old Mutual discusses the topic at hand with Nompu Siziba, unpacking the details around the expensive hardware and servers that cryptocurrency miners use in their day-to-day business. 

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