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The main news of the week says that the new US President Joe Biden froze the process of regulating cryptocurrencies by the former Treasury Secretary, who demanded that cryptocurrency organizations collect and provide details of their clients ‘ personal information.

Biden appointed Janet Yellen as Treasury Secretary and Gary Gensler as head of the SEC. It seems that Gensler is more sympathetic to decentralization than his predecessor, so the news is really worthy of attention and inspires confidence in an optimistic crypto future.

📉On the night of January 22, the price of Bitcoin fell below $29,000. This happened for the first time since January 5. It is now back at $32,000, but analysts ‘ opinions are mixed. Some say that Bitcoin is waiting for a “bottom” at $26,000, while others remain optimistic in the long term and refer to good news: for example, that BlackRock — the largest investment company in the world-sent a statement to the SEC about trading bitcoin futures. This certainly means that BTC is being considered as a new traditional investment world, but it does not guarantee an increase in investment.

🇷🇺 In Russia, the situation is as follows: The Ministry of Labor and Social Protection of the Russian Federation has ordered civil servants to get rid of savings in cryptocurrency by April 1, 2021.

At the same time, works on the crypto ruble continue. The Otkritie Bank has conducted a survey which says that 47% of Russians are ready to use the digital ruble and only 15% categorically do not trust the state digital currency. At the same time, 57% believe that the digital ruble will replace conventional money. At the same time, only 7% of respondents said that they have at least some experience in buying and selling cryptocurrency.

🏦 Sberbank has submitted an application to the Bank of Russia to launch a blockchain platform for its own Sbercoin stablecoin. The registration procedure usually takes no more than 45 days, which means that the bank can launch its platform and stablecoin by the spring of this year.

😉Have a great weekend!

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Decimal helps communities to issue and manage blockchain assets.

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