US Department of Labor Urges 'Extreme Care' Before Adding Crypto to 401(k) Plans
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US Department of Labor Urges ‘Extreme Care’ Before Adding Crypto to 401(k) Plans

The Labor Department said crypto presents “significant risks and challenges to participants’ retirement accounts, including significant risks of fraud, theft and loss.” It highlighted as reasons speculation and volatility, challenges to making informed investment choices, custodial and record-keeping concerns, the lack of reliability of cryptocurrency valuations and an evolving regulatory environment.

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