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Survey Reveals 45% of Indian Users with Retirement Plans Are Investing in Crypto
30.4.2024
A recent survey conducted by Mudrex has unveiled that nearly half of individuals with retirement plans in India have entered the realm of cryptocurrencies.
The post Survey Reveals 45% of Indian Users with Retirement Plans Are Investing in Crypto appeared first on Cryptonews
Robert Kiyosaki Doubles Down on Biggest Crash Prediction — ‘No Time to Play Russian Roulette With Your Life’
12.12.2023
Rich Dad Poor Dad author Robert Kiyosaki has warned that the biggest crash in history may be starting. Emphasizing that the U.S. banking system is bankrupt, he warned that the S&P 500 will be next to collapse, which will “toast millions” of U.S. retirement plans. There’s “no time...
Bitcoin retirement plans elicit caution from regulators
24.2.2023
Some investment experts believe adding digital assets to retirement funds could make sense when the market becomes more stable, but not right now
Sen. Lummis still 'very comfortable' with Bitcoin in retirement plans
13.12.2022
Crypto winter and calls from other senators to ban Bitcoin in retirement plans haven't shaken the pro-crypto senator's resolve
US Senators Urge Fidelity to Stop Offering Bitcoin in 401(k) Plans Citing FTX Collapse, ‘Serious Problems’ in Crypto Industry
23.11.2022
Several U.S. senators have called on Fidelity Investments to reconsider allowing bitcoin in 401(k) retirement plans. “The recent implosion of FTX, a cryptocurrency exchange, has made it abundantly clear the digital asset industry has serious problems,” the lawmakers told Fidelity...
US Lawmakers Introduce Bill Allowing Crypto Investments in 401(k) Retirement Plans
1.10.2022
Several U.S. lawmakers have introduced the Retirement Savings Modernization Act to provide 401(k) retirement savers access to a wide range of investments, including crypto assets. “With inflation at record highs, a stock market downturn, and a potential recession on the horizon, many...
US House Ways and Means chairman asks the GAO to check out crypto in retirement plans
15.6.2022
It will look at the use and oversight of crypto in 401(k) and similar plans, which is controversial in many parts of the government
US Treasury Secretary Yellen Warns Crypto Is ‘Very Risky’ — Unsuitable for Most Retirement Savers
12.6.2022
U.S. Treasury Secretary Janet Yellen warns crypto is a “very risky investment,” adding that she would not recommend it to most people who are saving for retirement. However, Yellen noted that Congress could restrict the type of investments allowed in retirement accounts, including...
Law Decoded: Crypto retirement plans get hot with Warren and Lummis making their moves, May 2–9, 2022
9.5.2022
Last week was marked by reinvigorated discussion on crypto 401(k) among high-profile US policymakers
US Senator Introduces Bill Prohibiting Labor Department From Interfering With Crypto in Retirement Accounts
7.5.2022
A U.S. senator has introduced a bill to prohibit the Labor Department from issuing a regulation or guidance that limits the type of investments investors can choose in their retirement plans, including cryptocurrency. “Today, the Biden administration is targeting cryptocurrency. Which...
Senator Elizabeth Warren Demands Answers From Fidelity for Allowing Bitcoin in Retirement Plans
7.5.2022
Two U.S. senators, including Elizabeth Warren, have sent a letter to Fidelity Investments demanding answers regarding the company’s decision to allow bitcoin investments in 401(k) retirement plans. “Investing in cryptocurrencies is a risky and speculative gamble, and we are concerned...
Elizabeth Warren Echoes Labor Department Concerns About Fidelity’s Plan for Bitcoin in 401(k) Retirement Plans
5.5.2022
U.S. Sen. Elizabeth Warren has joined the Department of Labor in expressing concerns about Fidelity Investment's plans to offer bitcoin in its 401(k) retirement plans
US Labor Department Has ‘Grave Concerns’ About Fidelity’s Plan for Bitcoin in 401(k) Retirement Plans, Wall Street Journal Reports
29.4.2022
The Labor Department is scheduled to meet with Fidelity to express concerns
Fidelity’s New 401(k) Product Lets Workers Add Up to 20% in Bitcoin to Their Retirement Plans
26.4.2022
The multinational financial services corporation based in Boston, Fidelity Investments, has revealed the firm is allowing people to add bitcoin into their 401(k) plan as long as the employer allows it. According to Fidelity’s head of workplace retirement offerings, the company has seen...
Old but gold: Can digital assets become part of Americans’ retirement plans?
19.3.2022
Unsurprisingly, the role of crypto in retirement investment will depend on the asset class’ mainstream adoption
US Labor Dept warns of crypto risks in retirement plans
11.3.2022
“Significant risks” — Cryptocurrencies have attracted the attention of U.S. legislators looking to decrease the exposure to digital assets in 401(k) retirement accounts
German Bank Comdirect Now Offers 11 Cryptocurrency ETPs in Savings Plan
17.7.2021
German bank Comdirect, with about three million customers, is now offering 11 cryptocurrency exchange-traded products (ETPs). “Comdirect has succeeded in significantly bridging crypto investments to retirement plans, something that our clients have longed for a while,” the bank said....
Senator Cynthia Lummis backs crypto for US retirement plans
30.6.2021
Senator Cynthia Lummis wants to see crypto-assets become a normal part of the diversified asset allocations in U.S. citizens’ retirement plans
Crypto Retirement: US Investment Firm Launches Employer-Sponsored Bitcoin 401(k) Plan
23.11.2020
The U.S.-based company Digital Asset Investment Management (Daim) has announced the launch of a company-sponsored 401(k) retirement plan that allocates up to 10% in bitcoin. The plan is an ERISA compliant employer-sponsored 401(k) and assets are held in institutional-grade cold storage...
US Firm Launches Company-Sponsored Bitcoin Retirement Plans
20.11.2020
Digital Asset Investment Management says its new retirement plans can help savers beat inflation