The US Labor Department has “grave concerns” about Fidelity allowing investors to put bitcoin in their 401(k) accounts for retirement savings. crypto cryptocurrency $BTC
Fidelity's Bitcoin 401 Offering Risks Retirement Security of Americans, Says Labor Department Official
Ali Khawar, Acting Assistant Secretary of the Labor Department’s Employee Benefits Security Administration, said in an interview with The Wall Street Journal Friday:Khawar explained that Labor Department believes that Fidelity allowing savers to put bitcoin into their 401 accounts risks the retirement security of Americans.
Khawar wrote a blog post on the Department of Labor’s website in March raising concerns about retirement plans investing in cryptocurrencies. He detailed:
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