Labor Department: ‘Grave Concerns’ Over Fidelity’s Bitcoin Pension Plans

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tldr; The US Department of Labor has taken issue with Fidelity Investment including Bitcoin as part of its 401(k) offerings. Starting later this year, employees of the 23,000 companies using its services could allocate as much as 20% to Bitcoin. Fidelity said its bitcoin offerings represent the firm’s commitment to evolving and broadening its digital assets offerings.

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