When Are Cryptocurrencies Appropriate Investments for Retirement Plans and IRAs? U.S. Labor Department Cautions 401 (k) Plan Fiduciaries to Exercise Extreme Care

摘要

As interest in investing in cryptocurrencies grows, retirement plan fiduciaries need to understand the fiduciary duties owed to the plan's participants and beneficiaries. Investment of retirement plan assets in cryptocurrencies must be carefully evaluated by plan fiduciaries in light of the risks inherent in cryptocurrency investments in the current market. In addition, plan fiduciaries must be aware of any new tax developments.