• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On December 13th, Han Wenxiu, Deputy Director of the Central Financial and Economic Affairs Commission and Director of the Central Rural Work Leading Group Office, stated that to ensure the success of next years economic work, it is essential to adhere to the principle of seeking progress while maintaining stability, improving quality and efficiency, strengthening counter-cyclical and cross-cyclical adjustments, and effectively enhancing the efficiency of macroeconomic governance. Since the Politburo meeting on September 26th last year, a series of policies and measures have been introduced and implemented, and additional policies will be introduced and implemented next year based on changes in the situation. It is crucial to leverage the integrated effect of existing and new policies to promote steady and positive economic growth. The market economy is largely an expectation economy; therefore, it is necessary to improve the expectation management mechanism, conduct effective economic publicity and public opinion guidance, respond promptly to market concerns, and effectively boost social confidence.On December 13th, it was reported that an EU official stated on the 12th that Ukraines accession to the EU before 2027 is "absolutely impossible." According to reports, a European diplomat said that Ukraines accession to the EU before 2027 is "extremely difficult," and it is unclear whether EU leaders support this plan. Hungarian Prime Minister Viktor Orbán stated on the 8th that the EUs admission of Ukraine would be tantamount to declaring war on Russia, and that the EU is preparing for war with 2030 as the target date.On December 13, Venezuelan President Maduro stated that the United States usual tactics of lying, coercion, extortion, and threats are "completely ineffective" and "will never work" against Venezuela, following the recent seizure of an oil tanker in waters near Venezuela and the announcement of new sanctions.On December 13th, two US officials stated that the UN-authorized international stabilization force in Gaza could be deployed as early as next month, but the method for disarming Hamas remains unclear. The force will not fight Hamas, and its size, composition, and rules of engagement are still being determined.On December 13, the National Trust for Historic Preservation, a U.S. heritage preservation organization, filed a lawsuit on December 12 against U.S. President Trump and several federal agencies, demanding a halt to the ongoing renovation project of the White House banquet hall and claiming the project is illegal. The trust issued a statement on December 12 announcing that it had filed the lawsuit in the U.S. District Court for the District of Columbia, seeking a halt to the White House banquet hall renovation project until it undergoes a comprehensive design review and public comment period, and receives congressional approval. The trust argues that the Trump administration, in rapidly advancing the White House banquet hall renovation project, failed to submit planning proposals for necessary review as required by law, and that the project, without congressional authorization, exceeds the presidents constitutional authority. The lawsuit names Trump, the National Park Service, the Department of the Interior, the General Services Administration, and the heads of these departments as defendants.

Fidelity To Offer Digital Asset Investment as Part of Retirement Plans

Cory Russell

Apr 27, 2022 10:14

Fidelity will soon allow customers to invest in Bitcoin as part of their retirement plans.


The company also introduced a crypto payments ETF and a Metaverse ETF this month.


In the European market, the business has launched the world's lowest Bitcoin ETP.


Most people choose to put their money into safe options that are government regulated, centrally held, and stem from classic finance options when it comes to investment plans.


The mainstreaming of cryptocurrencies into the financial sector has changed that, with organizations like Fidelity now selling cryptocurrency for investment to the general public.

Before You Retire, Invest in Bitcoin

Fidelity Investments, the largest provider of 401(k) plans in the United States, has announced that it will soon provide the option of investing in Bitcoin and, eventually, other cryptocurrencies. However, the decision is made at the discretion of the employers.


"We started to hear a rising interest from plan sponsors, organically, as to how could Bitcoin or how could digital assets be offered in a retirement plan," Dave Gray, the Head of Workplace Retirement Offerings and Platforms at Fidelity Investments, said in an interview with The New York Times.


As a result, they introduced this option, allowing individuals to invest directly in Bitcoin and other assets without having to create a separate account on a cryptocurrency exchange.


However, Fidelity will charge between 0.75 percent and 0.9 percent in fees for each Digital Asset Account. Furthermore, a new trading fee will be applied, which the business has not yet disclosed but is expected to be "competitively priced."


MicroStrategy has already signed up for this service, according to Gray, the largest public Bitcoin holder, which isn't surprising given that Michael Saylor is essentially establishing the company on the back of Bitcoin.


This news follows Fidelity's revelation that it is attempting to make inroads into the crypto market with its offerings.


Fidelity International has announced the debut of its spot Bitcoin exchange-traded product (ETP) in Europe, which is also the world's cheapest Bitcoin ETP, with a total expense ratio (TER) of 0.75 percent.


Fidelity Investments recently developed a Crypto Industry and Digital Payments ETF (FDIG) and a Metaverse ETF (FMET) to appeal to a younger audience.