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On 10 March 2022, the United States Department of Labor (DOL) released a warning to entities advertising investments in cryptocurrencies as an option for individuals' retirement plans. The DOL outlined the risks that investments in crypto assets may pose and cited the volatility of crypto investments, the difficulty of making informed investment decisions, custodial and valuation concerns, and the fact that the regulatory environment around crypto is evolving. Furthermore, the DOL noted that entities offering crypto investments could be subject to an investigative program.
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