Tag: bitcoin account

Labor Department officials believe Fidelity Investments’s plan to allow investors to put bitcoin in their 401(k) accounts risks the retirement security of Americans, a senior administrator said. “We have grave concerns with what Fidelity has done,” Ali Khawar, acting assistant secretary of the Employee Benefits Security Administration, said in an interview with The Wall Street… Continue reading DOL Criticizes Fidelity’s Plan to Put Bitcoin on 401(k) Menu

Fidelity Investments will be the first major retirement-plan provider to allow investors to include a bitcoin account in their 401(k). Employees won’t be able to start adding cryptocurrencies to their retirement accounts right away, but later this year, the 23,000 companies that use Fidelity to manage their retirement plans will have the option to include… Continue reading Fidelity to Allow Retirement Savers to Put Bitcoin in 401(k) Accounts