On October 9, UNICEF announced the establishment of a Cryptocurrency Fund to accept, retain and spend donations in the form of "ether" and "bitcoin". It is the first institution in the UN system to launch a cryptocurrency fund. UNICEF said the fund's funds will be used to fund open source technologies that will benefit children and youth around the world. The first donation will be donated by the Ethereum Foundation through the UNICEF French National Committee. In addition to France, among the 33 national committees currently available to UNICEF, national committees in the United States, Australia and New Zealand also accept donations in the form of cryptocurrencies.