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US Labor Dept warns of crypto risks in retirement plans -Breaking

by Mike Robinson

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The US Department of Labor (DOL) has told 401(k) investors to “exercise extreme care” when dealing with cryptocurrencies and other digital assets citing fraud, theft, and financial loss as “significant risks”.

In a compliance ReportOn Thursday, DOL released a harsh warning to companies that want to increase their exposure to cryptocurrency in 401(k). It stated that significant crypto investments made within company-sponsored retirement plans could attract legal attention.

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