I've been trying like crazy to get my enterprise (a large personal lines insurance carrier in the US) to pay attention to Bitcoin since 2021. This year I've actually started to make a tiny amount of progress. The biggest problem is the National Association of Insurance Commissioners (NAIC) has clarified that directly held Bitcoin doesn't meet the definition of cash or admitted assets under statutory accounting principles. We need this changed. Maybe someone at the Bitcoin Policy Institute has an idea of how to try and change this. Can anyone help me with this?
Discussion
No replies yet.