$4.5T AUM Fidelity Offering Bitcoin to 401(k) Investors, an Industry First

Fidelity Investments announced Tuesday that it will begin offering Bitcoin to 401(k) investors, making it the first provider to do so. By mid-2022, the Bitcoin service will be offered to 23,000 employers who use Fidelity to manage their retirement. Fidelity is the nation’s largest retirement plan provider, with $11.3 trillion in assets under management, and […]

Bitcoin at Risk as US Treasury Urges Exchanges to Register with FinCen

Move bitcoin from exchanges

The US Treasury Department has declared that all Bitcoin and ”cryptocurrency” exchanges in the United States must register with FinCEN, the agency’s Financial Crimes Enforcement Network. With increased regulatory pressure, bitcoin users advocate to withdraw bitcoin from exchanges. Janet Yellen’s Treasury Department asked all virtual asset service providers (VASPs), including “cryptocurrency” exchanges, to fulfill Bank […]