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π Korea Insurance Development Institute and Bank of Korea Collaborate on Digital Currency Insurance The Korea Insurance Development Institute and the Bank of Korea have announced a joint task force aimed at developing index insurance based on digital currency. According to NS3.AI, this initiative is part of the phase two memorandum of understanding for Project Hangang, which emphasizes digital currency and deposit tokens. The proposed insurance product will automatically pay claims in digital currency when a specified objective index meets a predetermined value. #KoreaInsuranceDevelopmentInstitute#BankOfKorea#DigitalCurrency#IndexInsurance#ProjectHangang#DepositTokens#InsuranceInnovation#FinTech#BlockchainInsurance