US Labor Department Sued After Warning 401(k) Providers About Allowing Crypto Investments

2022-6-3 20:51

The U.S. Department of Labor (DOL) in March issued a controversial warning to 401(k) plan fiduciaries to “exercise extreme care” before considering adding cryptocurrencies to a retirement plan’s investment menu. Today, the agency is being sued for it.

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Источник: coindesk.com

plan warning → Результатов: 9

Crypto Could Be Bad For Retirement Savings Plans, The US Labor Dep’t Warns

Retirement plan members should exercise caution before adding crypto to their 401(k) plan’s investment options, the US Department of Labor warned Friday. The warning comes a day after US President Joe Biden signed an executive order establishing a government-wide effort to develop policies for bitcoin and other related assets.

2022-3-11 15:00	Crypto News
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SEC Threatens To Sue Coinbase Due To Higher Interest On Cryptocurrency Products

High-interest rate of crypto products has made SEC threaten to sue Coinbase. This will likely frustrate users who see the company’s offer as a practical means of earning 4% interest. The Securities and Exchange Commission SEC issued a surprising warning to sue Coinbase if they move on with their plan. Coinbase had initially announced its […]

2021-9-9 01:00	SEC
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Liberian Central Bank Asks Local Crypto Startup to Drop its Plan to Launch a Digital Asset

The Central Bank of Liberia (CBL) has warned against a local crypto startup’s plan to proceed with the introduction of a digital financial product without adhering to the required regulation. According to the CBL, this act will not only be illegal but this will likely “undermine the country’s financial system.

2021-5-15 06:30
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Bitcoin Hits $7K Amid Warning $2K US Payouts Make Fiat ‘Hard to Value’

Bitcoin supporters balk at the latest plan to flood the U.S. economy with government-sanctioned dollar stimulus

2020-4-16 12:01	Markets
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U.S. Futures Plunge 5% as Global Recession Swats China’s Rescue Plan

The U.S. stock market is set to drop 5% at open. The gloomy pre-market data comes after analysts' stark warning on China's fiscal policy. The post U.S. Futures Plunge 5% as Global Recession Swats China’s Rescue Plan appeared first on CCN.com

2020-3-18 12:46	United States
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UK Crypto Market Endangered by Proposed Regulations

British crypto-experts have criticized a newly proposed plan to regulate the crypto market, warning it could ‘backfire’.

2018-10-30 23:12	News
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The Daily: Royal Mint Drops Digital Gold, Malta Issues Warning About Trading Platform

In this edition of The Daily, we cover the U. K. Royal Mint’s decision to freeze a plan to issue digital gold tokens. We also look at a new Australia Post ID verification service, as well as a warning by the Maltese financial regulator about a cryptocurrency investment platform.

2018-10-26 16:50
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Op Ed: Cryptocurrency Capital Gains Taxes — Breaking Down the Problem

Capital gains on crypto transactions are easy to track, one at a time. What about when there are thousands?Cryptocurrency capital gains taxes are becoming a point of interest for governments.

2018-7-31 20:04	Investing
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