Fidelity will offer its Ethereum-based investment products to its institutional clients. This and more news in this handy daily roundup so you're always up to date with the latest developments in the crypto world.
Fidelity Institutional Clients Will Be Able to Invest in Ethereum
📍American asset management company Fidelity will offer its Ethereum-based investment products to institutional clients. Starting October 28, Fidelity’s institutional clients will be able to buy, sell and transfer Ethereum (ETH) through the Ethereum index fund the company launched earlier this month.
The news was confirmed by a Fidelity spokesperson to CoinDesk, revealing that the move responds to the American company's objectives of bringing cryptocurrency investment closer to its institutional clients and accredited investors.
Earlier this month, Fidelity reported that the “Ethereum Index Fund” had already raised $5 million dollars since the start of sales at the end of September. This Ethereum investment fund was initially aimed at Fidelity's high-net-worth clients, requiring a minimum investment of $50.000.
Bitcoin and Blockchain in El Salvador's education
📍El Salvador's education system is considering integrating Bitcoin and Blockchain topics into the different levels of education in the country. This was expressed by El Salvador's Director of Technology and Business Innovation, Monica Taher, during her speech at the Blockchain Land conference, held in the state of Nuevo Leon, Mexico, earlier this month.
Taher highlighted that the Ministry of Education of El Salvador, which last year became the first country to declare Bitcoin legal tender, is currently considering a reform to integrate cryptocurrency education into the educational system. Taher stressed the importance of educating about the potential of Bitcoin and new technologies, in order to drive a true transformation in the country.
The results According to a survey recently published by the Central American University José Simeón Cañas, more than 50% of the Salvadoran population disagrees with the Bitcoin Law implemented by the government of El Salvador in September of last year. The majority of respondents said they had not used Bitcoin.
Japan to ease processes for admitting new tokens
📍Japan’s Cryptocurrency and Virtual Asset Exchange Association is planning to streamline its processes for selecting and authorizing new tokens in the country. According to Bloomberg, Japan is preparing for revitalize and boost the cryptocurrency ecosystemJapan's digital asset regulator could implement new regulations later this year to facilitate the listing of new tokens and provide new opportunities for its citizens and investors.
In February this year, Japan’s crypto regulator had reported that it was considering implementing new rules that would facilitate the listing of new tokens and digital assets on authorized exchange platforms in the nation.
Israel adopts blockchain technology to optimize state bond issuance
📍Israel's Ministry of Finance has launched a pilot program for issuing blockchain-based government bonds. According to local media TheMarker, blockchain could help the Israeli government reduce the costs and time of issuing bonds, streamline and optimize this process.
The pilot program launched by the country's government to test the potential of blockchain technology in the issuance of state bonds, called Eden, will end in the first quarter of next year.
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