gray and white globe with crypto symbols and charts (Photo: vit_mar/AdobeStock

The Labor Department is extremely concerned that retirement plan fiduciaries are planning to encourage investing in cryptocurrency without a clear understanding of the risks involved, Employee Benefits Security Administration Acting Assistant Secretary Ali Khawar said Thursday.

“There are real questions to be asked,” he told those watching a webinar sponsored by the American Academy of Actuaries. “It wasn’t clear to us that the fiduciaries are going into this with their eyes open.”

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